For The First Time On The Stock Exchange, Kebab Baba Rafi's Shares Immediately Soared 34.92 Percent: Its Price Increases To A Level Of IDR 170 From IDR 126

Photo: Screenshot of SKB Food's share listing

JAKARTA - PT Sari Kreasi Boga Tbk or SKB Food proves the great interest of investors in its shares in its initial trading today (Friday, August 5). The stock with the code RAFI immediately shot up 34.92 percent.

Citing trading data from the Indonesia Stock Exchange (IDX), the shares of the kebab producer Baba Rafi rose from an initial price of IDR 126 to IDR 170.

From the price increase, there are several notes that investors need to know. Among them, the transaction value reached IDR 16.39 billion.

The transaction value was formed from the frequency of 6.293 times the volume of 964.957 shares. Here, the highest level of IDR 170 became the most traded price with a frequency of 6.168 times worth IDR 15.57 billion.

With that note, the market capitalization value of RAFI's stock also shot up from IDR 394.14 billion to IDR 531.77 billion.

As is known, RAFI's shares are the 34th newcomer shares on the IDX this year. RAFI shares are officially listed on the IDX on the development board. The number of listed shares reached 3.13 billion.

Meanwhile, at the time of the public offering, SKB Food released 948.09 million shares at an initial price of IDR 126. This means that the company earned IDR 119.46 billion from this initial public offering.