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Immediate IPO, Oscar Mitra Sukses Sejahtera Oversubscribed 35 times - PT Oscar Mitra Sukses Sejahtera Tbk with its brand "Oscar Living" is ready to list its shares on the Indonesia Stock Exchange (IDX) on 17 May 2022.

The prospective online-based furniture issuer will release around 400 million shares or 21.10 percent of the issued and fully paid capital, at a price of Rp 100 per share.

With that, the funds raised from the public through this Public Offering are worth Rp. 40 billion.

The funds raised from this Public Offering will be used by PT Oscar Mitra Sukses Sejahtera Tbk to improve the company's performance, including for working capital, purchasing vehicles for delivery, opening new distribution warehouses and rejuvenating existing warehouses.

The plan is expected to boost the company's performance and increase the company's sales.

President Director of PT Oscar Mitra Sukses Sejahtera Tbk Hendro Jap said, with the implementation of this IPO, PT Oscar Mitra Sukses Sejahtera Tbk hopes to continue to be a market leader for furniture traders, especially online and take part in the national digital and creative economy industry.

"Through this opportunity, we would like to invite all Indonesian people to be part of our journey to achieve this goal. With a strong capital structure and full support from the public, PT Oscar Mitra Sukses Sejahtera Tbk is ready to continue to be one of the proud companies of Indonesia, "Hendro said in his statement, Friday (13/5/2022).

In the context of this IPO process, PT Oscar Mitra Sukses Sejahtera Tbk has appointed PT Danatama Makmur Sekuritas as the lead underwriter or underwriter for the issuance of securities.

There is very high enthusiasm from the public regarding the company's listing on the Indonesia Stock Exchange. This can be seen from the occurrence of oversubscribed more than 35x in public offerings that have been made from May 9, 2022 to May 12, 2022.

In addition to offering shares to the public, PT Oscar Mitra Sukses Sejahtera Tbk also issued 400 million warrants.

For people who invest in OLIV's IPO, they are entitled to these warrants at a ratio of 1:1, where 1 new share purchased is accompanied by 1 warrant. The Company plans to use the funds collected from the exercise of the warrants for working capital.

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