Officially Listed On The Stock Exchange, NCKL Shares Are Selling Well, Purchased By European Investors

JAKARTA - PT Trimegah Bangun Persada Tbk officially listed an initial public offering (IPO) with the issuer code NCKL.

President Director of Trimegah Bangun Persada Roy Arman Arfandy said that NCKL had experienced excess requests or oversubscribed.

He added that the interest in the participation of public investors does not only come from domestic investors, but also from foreign institutional investors.

"Many (foreign investors) from Europe, America from Asia, from (states) ASEAN are also many, the majority are foreign," said Roy who was met on the Indonesia Stock Exchange, Wednesday, April 12.

Roy said that in response to the high interest of investors, continued Roy, the retail portion, which was originally only rationed at 2.5 percent, was increased to 5 percent.

The occurrence of oversubscribed is a tangible manifestation of the trust given by investors on the bright prospects of the nickel processing industry managed by the Company.

Just so you know, NCKL offers as many as 7,997,600,000 shares with a nominal value of Rp100 per share or equivalent to 12.67 percent of the company's issued and fully paid capital after the IPO.

The final price set by the Company in this corporate action is IDR 1,250 per share.

From the results of this stock IPO, NCKL managed to obtain additional capital of IDR 9.997 trillion.

"The company has also allocated around 35 million shares of the total IPO shares for the share allocation program to the Company's employees (Employee Stock Allocation, ESA), where the exercise price of the ESA is the same as the offering price," he said.