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Oscar Mitra Sukses Sejahtera (OLIV) IPO Today, Check Full Profile

JAKARTA - PT Oscar Mitra Sukses Sejahtera Tbk will conduct an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) today, Tuesday (17/5/2022).

The prospective issuer with the stock code OLIV will become the 20th listed company on the IDX in 2022.

Citing the e-IPO page, Oscar Mitra Sukses Sejahtera is a company engaged in the online furniture trade. 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, Oscar Mitra Sukses Sejahtera 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, online sales are currently one of the biggest contributions to the Company's sales.

Oscar Mitra Sukses Sejahtera continues to add new products, both brands and sub-categories such as Laundry & Cleaning, Baby Furniture, Plastic Furniture, to complete the Company's portfolio which aims to increase sales. The products marketed by the Company are the result of “DOMESTIC PRODUCTION”.

In running its business, Oscar Mitra Sukses Sejahtera collaborates with many SMEs and weaving craftsmen who produce Sofas to Sofabeds. The furniture uses “TROSO TENUN” fabric, which has become a best-seller to date.

In the IPO plan, Oscar Mitra Sukses Sejahtera offers 400 million shares to the public, equivalent to a par value of Rp 10 per share. Meanwhile, the shares held by the board of directors and founders reached IDR 1.5 billion. Thus, OLIV listed 1.9 billion shares on the IDX.

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