JAKARTA (TheInsiderStories) - PT Nusantara Pelabuhan Handal Tbk, a container operator company, has set its initial public offering (IPO) price at Rp535 per share. Given the IPO price, the company expects to raise Rp308.62 billion from the offering.
The company is currently offering 576.858 million shares or 20.5% of the company’s enlarged capital. The company has appointed PT Trimegah Sekuritas Indonesia Tbk as the underwriter of the IPO. It said 65% of the IPO proceeds will be used to pay the company’s debts to PT Episenta Utama Investasi, its controlling shareholder and the remaining 35% will be used to strengthen the company’s capital.
Currently, Episenta holds 93.2% shares in the company and will dilute to 74.1% after the IPO, while PT Permata Cakawala holds 5.8% shares and will dilute to 5.4% after the IPO. The remaining shares will be held by the public at 20.5% after the IPO.
The shares offering will be set on March 7-9 followed by scheduled listing on March 16. (*)