In May 2022, two new issuers OLIV and ASHA will be listed on the stock exchange. Here's his profile.
IDXChannel - The Indonesia Stock Exchange (IDX) targets that there will be 55 initial public offerings (IPOs) from new issuers this year. For the May 2022 edition, there will be two new issuers listed on the stock exchange.
Based on the e-Ipo page, the issuer of the Consumer Non-Cyclicals sector with the Household Products sub-sector, namely PT Oscar Mitra Sukses Sejahtera Tbk (OLIV) will conduct an IPO on May 17, 2022.
Based on the 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.
OLIV has set the 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 is engaged in the retail trade of furniture for household goods 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 market, the trading deadline will last until May 15, 2023 and May 18, 2023 for trading warrants on the cash market. The exercise price for 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. PT Danatama Makmur Sekuritas will act as the implementing guarantor for the issuance of securities.
The next IPO will be an issuer engaged in the wholesale trade of fishery products and cold storage activities, namely PT Cilacap Samudera Fishing Industry Tbk (ASHA) which takes the floor on May 20, 2022.
ASHA is engaged in the business of fisheries, fish processing, aquaculture, shipbuilding, marine fish products, and trading these products, especially for export commodities. ASHA's fishery raw material products come from the catch of the ship itself and also purchases from suppliers or third parties.
Referring to the company's prospectus published on the e-ipo website, ASHA offers a maximum of 1.25 billion new shares or 25% of the issued and fully paid capital, with an offering price of Rp 100 - Rp 125 per share.
With this offer price, ASHA is eyeing funds of Rp 125 billion to Rp 156.25 billion. In this IPO, PT Korea Investment and Sekuritas Indonesia and PT KGI Sekuritas Indonesia acted as underwriters.
(ENG)
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