https://investasi.kontan.co.id/news/mengenal-calon-emiten-baru-oliv-tetapkan-harga-ipo-rp-100-per-saham
KONTAN.CO.ID - JAKARTA. This week, PT Oscar Mitra Sukses Sejahtera Tbk will start a public offering for its initial shares. The plan is that the prospective issuers that will use the OLIV code will conduct a public offering until May 12. If nothing goes wrong, the listing of OLIV shares and warrants on the Indonesia Stock Exchange (IDX) will take place on 17 May.
Looking at the initial public offering (IPO) prospectus, OLIV is a company engaged in trading furniture and household goods. In addition, this company also has supporting businesses, namely the furniture and decoration industry as well as interior design. What slightly distinguishes OLIV from other furniture companies is that OLIV is an online-based furniture company.
Online sales of OLIV furniture continues to increase every year. In 2019, OLIV's online sales were still Rp 16.28 billion. In 2020, online sales rose to IDR 29.27 billion, and rose again to IDR 38.45 billion in 2021.
On the other hand, the company's offline sales continued to fall. In 2019, OLIV recorded offline sales of Rp 4.17 billion. In 2020 and 2021, offline sales are only Rp. 2.27 billion and Rp. 938.14 million, respectively.
OLIV boosts its sales by utilizing video content which is then broadcast on video sharing platforms such as YouTube. Not surprisingly, this company has received many blessings during the past social restrictions.
As of October 2021, OLIV recorded sales of Rp 39.39 billion, up from Rp 23.89 billion in the same period a year earlier. Profit for the year even more than doubled, from Rp 206.32 million to Rp 525.08 million.
Sales of plastic products are the biggest contributor to OLIV's sales. The sales value as of October 2021 reached Rp 16.32 billion. This figure is up from Rp 7.74 billion a year earlier.
OLIV has set the initial public offering (IPO) price at Rp 100 per share. This IPO price is the lower limit, from the IPO offering price of the prospective issuer codenamed OLIV in the range of Rp 100 to Rp 125 per share.
OLIV plans to sell 400 million shares to the public. This means that the company, which operates in the retail trade of furniture for household appliances and kitchen utensils, will reap fresh funds of around Rp. 40 billion.
In addition to shares, OLIV also offers Series I warrants for this occasion. The number of warrants offered was 400 million warrants, which represented 26.67% of the total issued and fully paid shares at the time the registration statement was submitted to the Financial Services Authority (OJK).
The trading period for warrants will last from May 17, 2022. For trading warrants on the regular and negotiated markets, the trading deadline will last until May 15, 2023 and May 18, 2023 for trading warrants on the cash market. The exercise price of the warrants has been set at Rp 120 per share.
Meanwhile, the exercise period for the warrants will be from November 14, 2022 to May 18, 2023.
Acting as the implementing guarantor of the securities issuance is PT Danatama Makmur Sekuritas.