Release Shares To Public, Bangun Perkasa Jaya Construction Company Eyes IDR 42.25 Billion Funds

Photo: Bangun Karya Perkasa Jaya share offering document

JAKARTA - The Indonesia Stock Exchange (IDX) has released a list of companies that will release their shares to the public. Most recently, PT Bangun Karya Perkasa Jata Tbk plans to release 325 million shares or 20 percent of the issued and paid-up capital.

In the document listed on the e-ipo.co.id website, Wednesday, June 29, the general construction and steel company that will use the code KRYA offers its shares in the range of Rp120-Rp130 per share. That way, the company can reap a maximum of IDR 42.25 billion.

Through this initial public offering (IPO) scheme, Bangun Perkasa Jaya also allocated 1.62 million shares for employees and issued 162.5 million series I warrants.

For additional information, the company from Surabaya will start the initial offering period today (Thursday 30 June) until July 6, 2022. From here, the company estimates that it will be able to get the permit effective July 15.

Furthermore, the initial public offering period starts from 19-21 July with an estimated listing on the Indonesia Stock Exchange (IDX) on 25 July.

As for this action, Bangun Perkasa Jaya appointed Indo Capital Sekuritas as the implementing underwriter and underwriter.