https://www.idxchannel.com/market-news/ipo-hari-ini-oscar-mitra-oliv-lepas-400-juta-saham-senilai-rp100
PT Oscar Mitra Sukses Sejahtera Tbk will release 400 million shares to the public in an initial public offering (IPO) today.
IDXChannel - PT Oscar Mitra Sukses Sejahtera Tbk will release 400 million shares to the public in an initial public offering (IPO) today, Tuesday (17/5/2022), where the amount is equivalent to a nominal value of Rp. 10 per share. .
In the IPO plan, which was disclosed to the public, the shares held by the board of directors and founder of the issuer codenamed OLIV reached IDR 1.5 billion. Thus, OLIV listed 1.9 billion shares on the IDX.
In its allotment, OLIV set an IPO price of Rp. 100 per share. This price is the lower limit of the offering price which is in the range of IDR 100 to IDR 125 per share.
Based on the IDX report, the company which is engaged in the retail trade of furniture for household goods and equipment from this will reap fresh funds of Rp. 40 billion.
In addition to shares, OLIV will list Series I warrants. The total number of warrants offered is 400 million warrants representing 26.67 percent of the total issued and paid-up shares.
It should be noted, based on the company's financial statements, as of October 2021, OLIV scored sales of Rp. 39.39 billion, a 64.88 percent jump from the same period the previous year which was only Rp. 23.89 billion.
In addition, OLIV's profit for the year also more than doubled, from Rp. 206.32 million to Rp. 525.08 million as of October 2011.
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 increased from Rp. 7.74 billion a year earlier. (TYO)