KONTAN.CO.ID – JAKARTA. PT Satu Visi Putra Tbk's plan to hold an initial public offering (IPO) continues to roll out.

Quoting the e-IPO page, Tuesday (20/2), the company, which will later use the stock code VISI, has set the IPO price at IDR 120 per share. This is the upper limit of the initial offering price set at IDR 110 to IDR 120 per share. 

In this corporate action, VISI releases as many as 615 million new shares or as much as 20.00% of the capital placed and fully paid after the IPO. Thus, VISI has the potential to raise fresh funds as much as IDR 73.80 billion in this IPO.

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The Surabaya-based company also holds an employee stock allocation (ESA) program with a maximum amount of 1% of the shares offered in the IPO or as many as 6.15 million shares.

Acting as the guarantor of the securities issuance is PT Surya Fajar Sekuritas. The initial offering period, also known as book building, will last until February 5, 2024. 

The offering period is expected to take place from February 21 to February 23, 2024. VISI shares will be listed on the IDX on February 27, 2024.

Editor: Khomarul Hidayat