IDX Arrival 3 New Issuers, Check The Movement Of MUTU, HUMI And LMAX Shares

IDX illustration (Photo: Doc. Antara)

JAKARTA - PT Bursa Efek Indonesia (IDX) has three new issuers arrived today, Wednesday, August 9. The three of them are through an Initial Public Offering (IPO).

Citing the IDX report, the three companies are PT Humpuss Maritime International Tbk (HUMI), PT Mutuagung Lestari Tbk (MUTU), and PT Lupromax Pelumas Indonesia Tbk (LMAX). The three companies made the number of issuers that had just been listed on the stock exchange in 2023 to 62 issuers.

In today's trading, the three new issuers moved variedly. Some touched the Lower Auto Reject (ARB) but also reached the Upper Auto Reject (ARB).

The following is the movement of the three new issuers:

1. PT Mutuagung Lestari Tbk (MUTU)

MUTU is a company that serves Testing, Inspection, and Certification (TIC) services. MUTU was founded in 1990 and has become the largest Indonesian private company in its field with a business focus on Natural Resources and Green Economy, Sharia Economy, and Digital Economy.

In its first trade, MUTU's shares immediately jumped 34.26 percent to IDR 145 per share. Where, the offering price is IDR 108 per share.

Until the end of today's trading, MUTU's shares remained in ARA position for IDR 145 per share.

In the IPO, the company offers as many as 942.85 regular shares on behalf of, or equivalent to 30 percent of the issued and fully paid capital after the IPO, with a nominal value of IDR 25 per share. The company offered to the public at a price of IDR 108 per share, so that it managed to get fresh funds worth IDR 101.82 billion.

2. PT Humpuss Maritime International Tbk (HUMI)

HUMI is a holding company that runs several business fields through subsidiaries in the field of providing ship rental services, especially for liquefied natural gas transportation (LNG), premium and crude oil fuel transportation services, chemical and petrochemical transportation and others.

At the beginning of its initial trade, HUMI shares immediately rose 20 percent to Rp120 per share from the offering price at Rp100 per share.

At its close, HUMI's share price began to slow down and only rose 1 percent to Rp101 per share. The highest level of HUMI shares reached Rp120 per share and was the lowest in Rp92 per share.

In this initial public offering (IPO), the company offered 2.70 billion or 15 percent of the issued and paid-up capital. Through this corporate action, the company has the potential to reap fresh funds of IDR 270.70 billion.

3. PT Lupromax Pelumas Indonesia Tbk (LMAX)

LMAX is engaged in a lubricant and additive lubricant business for both cars, motorcycles, industrials, and shipping. LMAX products are marketed throughout Indonesia.

LMAX shares opened down 10 percent or down 20 points to Rp180 per share breaking the bottom auto reject (ARB). Where, the offering price is Rp200 per share.

In the IPO, the company offers as many as 195 million ordinary shares on behalf of, or equivalent to 26.09 percent of the company's issued and paid-up capital after the IPO, with the issuance of a warrant with a nominal value of Rp20 per share. The company offered to the public at a price of Rp200 per share, so that it managed to get fresh funds worth Rp39 billion.