JAKARTA. PT Master Print Tbk (PTMR), a company engaged in the trading and distribution of industrial packaging equipment, will release 435 million shares in an Initial Public Offering (IPO).
The number of shares offered is equivalent to 22.81% of PTMRs issued and fully paid-up capital after the IPO. Each share has a nominal value of IDR 25, and will be offered at a price range of IDR 125 to IDR 135 per share.
Assuming the offering price is at the upper limit of IDR 135 per share, PTMR has the potential to raise fresh funds of IDR 58.73 billion from the IPO.
In the initial offering prospectus (book building) submitted, PTMR plans to use 46% of the IPO proceeds to support inorganic performance growth through acquisitions. Then the rest will be used for the companys working capital.
The initial offering period for PTMR shares is scheduled to take place on September 20-24, 2024. The public offering is estimated to take place on October 2-4, 2024 and listing on the Indonesia Stock Exchange (IDX) on October 8, 2024.
For the record, the underwriter for the issuance of securities appointed in the PTMR IPO is PT Profindo Sekuritas Indonesia. (KR/LM)