Becoming The 20th Issuer Of IPO And Listed On The IDX Today, Oscar Mitra Furniture Company Has A Market Capitalization Of IDR 190 Billion

Several OLIV brands: (Photo: Doc Oscar Mitra Sukses Sejahtera)

JAKARTA - The Indonesia Stock Exchange (IDX) will list the initial shares of PT Oscar Mitra Sukses Sejahtera Tbk today, Monday 17 May. The furniture issuer will use the OLIV stock code.

Quoting the IDX's statement, OLIV shares will be listed on the acceleration board. "OLIV will be the 20th listed company to be listed on the IDX in 2022," the IDX wrote.

OLIV operates in the consumer cyclicals sector with the household goods sub-sector. The industry from OLIV is household goods with the home furnishings sub-industry.

At this initial public offering (IPO), OLIV's offering price is Rp. 100 per share, with a total of 400 million shares being offered. In this way, OLIV earned Rp40 billion in funds for this action.

Meanwhile, the total shares to be listed are 1.9 billion shares, so the market capitalization is IDR 190 billion.

In addition, OLIV Warrants with the code OLIV-W will also be listed in the amount of 400 million. The exercise price from OLIV-W is Rp120, bringing the total value of the warrants to Rp48 billion.

As additional information, during the implementation of this IPO, OLIV appointed Danatama Makmur Sekuritas as the implementing guarantor of the securities issuance>