Officially Listed On The Exchange, Aviana Shares Live Roller Coaster

Illustration of stock movement (Photo: Doc. Antara)

JAKARTA - PT Bursa Efek Indonesia (IDX) has returned to the arrival of a new issuer, namely PT Aviana Sinar Abadi Tbk. Berticker IRSX, the Company has officially become the 13th company recorded on the IDX in 2023 and has become the 838th listed company to date.

From VOI's observation, Tuesday, February 7, the stock price of IRSX had strengthened to IDR 134 at the beginning of trading. However, at 10.00 WIB it rose 3. or 2.97 percent to 104.

In the first hour of trading, the stock price of IRSX was in the range of Rp. 94 to Rp. 134. Its movement also went up and down like a roller fire.

Previously, IRSX President Director Panji Pramana said that the high enthusiasm of investors for the company's share offering was the first point for MSMEs to go digital and rise after the pandemic.

"We are very happy and optimistic that we will continue to be able to develop technology to produce innovations and solutions for various business sectors, and become one of the leading technology companies nationally and globally," said Panji.

IRSX offers 1 billion shares, equivalent to 20 percent of the company's issued and fully paid capital, at an initial price of IDR 101 per share.

Simultaneously, the company issued 1.4 billion series 1 warrants accompanying the company's new shares with a ratio of 5:7, which means that the new five shareholders will receive seven warrants.

During the public offering period from February 1 to 3, 2023, the company recorded the arrival of around 22.8 thousand new shareholders.

Meanwhile, the guarantor for the issuance of securities in this Initial Public Offering (IPO) is Shinhan Sekuritas.

Panji continued that 78.57 percent of the IPO proceeds will be used for capital expenditure and working capital, 4.08 percent for capital expenditure, and 17.35 percent for working capital.

The IDX noted that there were 12 companies that recorded initial shares this year, and there were 38 companies in the share listing pipeline with an estimated fund of IDR 48.4 trillion.

In addition, there are 10 companies that are already on the e-IPO system, including the IRSX.

IRSX is a company that serves business to business (B2B) as a provider of a holastic integrated solution platform (integrated) for companies that do digital products or companies that do business online.