12 July 2018

Merdeka.com - The Indonesia Stock Exchange (IDX) has again received three new issuers that listed their initial shares towards the end of this week. The three companies that listed on the stock exchange include PT Mahkota Group Tbk, PT Sinergi Megah Internusa Tbk, and PT NFC Indonesia Tbk.

IDX Director of Corporate Valuation I Gede Nyoman Yetna congratulated the three issuers listed on the IDX today.

“Being a listed company, we from the IDX will help all ladies and gentlemen complain about the regulations on the IDX. I also congratulate the team from each listed company for transforming today,” he said at the IDX Building, Jakarta (12/7).

PT Mahkota Group Tbk (MGRO) listed 703,688,000 new shares with an offering price of Rp 225 from the proceeds (Initial Public Offfering / IPO). This resulted in the Company obtaining IPO funds worth IDR 158,329,800,000.

The Company will also list all ordinary shares in the name of shareholders prior to the initial public offering amounting to 2,814,750,000 shares of the issued and fully paid-up capital after the initial public offering.

Thus, the number of shares to be listed by the company on the Indonesia Stock Exchange is 3,518,438,000 shares or 100 percent of the total issued and fully paid-up capital after this public offering.

The IPO proceeds will be used to increase capital deposits to the company's subsidiaries with details such as 60 percent will be used for the development of the downstream industry through investment in subsidiary PT Mutiara Unggul Lestari and 40 percent used for working capital to subsidiaries, namely PT Mutiara Unggul Lestari, PT Berlian Inti Mekar and PT Intan Sejati Andalan.

Meanwhile, PT NFC Indonesia Tbk (NFCX), represented by its President Director Abraham Theofilus, said that the IPO is the first step for the company to develop in the digital era like now.

“Going public is the first step for companies to challenge current developments and also not to forget to create consistent innovation in the current digital era,” he said.

NFCX will release 166,667,500 ordinary shares or 25 percent of the company's issued and fully paid-up capital after the initial public offering.

The shares have a nominal value of Rp 100 and were released at an offering price of IDR 1,850 per share. From the IPO process, NFC Indonesia will pocket fresh funds of IDR 308.33 billion.

Meanwhile, PT Sinergi Megah Internusa Tbk (NUSA) released 1.2 billion shares or 15.58 percent of the company's issued and paid-up capital with a target of obtaining funds of IDR 324 billion to IDR 396 billion.

NUSA will use the IPO proceeds for various needs, namely 78.98 percent for equity participation in subsidiaries, 1.27 percent to increase the company's working capital, 5.64 percent for capital expenditure for hotel expansion, while the remaining 14.11 percent will be used to pay off the company's debt to Bank BNI.

Reporter : Bawono Yadika

Source : https://www.merdeka.com/uang/bei-kedatangan-tiga-emiten-baru-begini-pergerakan-sahamnya.html