IPO Structure
IPO Structure
Initial Offer Period : April 4 – 14 2022
Estimated Effective Date : 21 Apr 2022
Estimated Period of Initial Public Offering : 22 -27 Apr 2022
Estimated Allotment Date : 27 Apr 2022
Estimated Stock Distribution Date (Electronic) : 28 Apr 2022
Estimated Share Listing Date on IDX : 29 Apr 2022
Initial Estimated Trading Series I Warrants : April 29, 2022
Estimated Trading Period of Series I Warrants (Regular & Negotiated Market) : April 28, 2023
Final Forecast of Series I Warrants Trading (Cash Market) : May 1, 2023
Estimated Exercise Period for Series I Warrants : 27 Oct 2022
Estimated End of Term of Warrant Series I : May 1, 2023
Company Profile
The Company is a company engaged in online furniture trading. As one of the pioneers in online sales, the Company was invited to cooperate with various marketplaces, one of which was JD.ID where the Company received an award as the first furniture store in the marketplace. Initially, the Company used this opportunity as an additional sales channel for its business activities. However, with the increasing trend of online shopping and due to the prolonged COVID-19 pandemic, today online sales are one of the biggest contributions to the Company's sales.