JAKARTA. PT Esta Indonesia Tbk (NEST), swallow farm and swallow’s nest trading company, will conduct its initial public offering (IPO) in Indonesia Stock Exchange (IDX) by issuing 822.5 million shares.
The number of shares to be offered is equal to 20% of total issued and paid-up capital of NEST post-IPO. Each share has a face value of IDR 50 per share, and will be offered for IDR 160 to IDR 200 each.
Assuming that the price is set to the highest limit of IDR 200 per share, NEST might potentially raise IDR 164.5 billion from IPO.
NEST has assigned PT KGI Sekuritas Indonesia as the lead underwriter in IPO. The book building will take place from July 22 to 24, 2024. Then, public offering will be scheduled on August 1-6, 2024, followed by the listing on the stock exchange on August 8, 2024.
According to IDNFinancials data, NEST recorded total assets worth IDR 315.42 billion as of January 31, 2024, and total equity of IDR 198.22 billion. The company’s sales grew 5.89% year-on-year (yoy) as of January 31, 2024, while its net profit soared 24.24% yoy. (KR/ZH)