Four Prospective Public Companies Set Initial Share Prices, Ready To List On The Stock Exchange On 7 And 8 July

Indonesia Stock Exchange Building. (Photo: Doc. Antara)

JAKARTA - Four companies in line to become public companies on the Indonesia Stock Exchange have set their initial share prices. They are PT Arkora Hydro Tbk (ARKO), PT Cerestar Indonesia Tbk (TRGU), PT Chemstar Indonesia Tbk (CHEM), and PT Saraswanti Indoland Development Tbk (SWID).

This certainty is stated on the e-ipo.co.id website, quoted Monday, July 4.

In detail, the initial price of Arkora shares is IDR 300, Cerestar shares are IDR 210, Chemstar shares are IDR 150, and Saraswanti shares are IDR 200. Of the four companies, Saraswanti has started the public offering period since July 1 and will end on July 5.

Meanwhile, Arkora, Cerestar and Chemstar have just started the public offering period today until July 6.

In addition, Saraswanti's shares will be listed on the Stock Exchange on July 7. The shares of Arkora, Cerestar and Chemstar will be listed simultaneously on July 8.

For information, with the initial pricing, Arkora will earn IDR 173.97 billion, Cerestar IDR 300 billion, Chemstar IDR 75 billion, and Saraswanti IDR 68 billion.