It’s Official! Using the Stock Code 'BELI', Blibli from the Djarum Group of the Hartono Brothers Conglomerate Processes IPO with a Target Fund of IDR 8.17 Trillion

JAKARTA - PT Global Digital Niaga Tbk as the holder of the Blibli trademark, officially started the initial public offering (IPO) process. Starting today (Monday, October 17) to October 24, the company held an initial offering period.

As stated in e-ipo.co.id, Blibli plans to release 17.77 billion shares with a nominal value of IDR 250. This amount is equivalent to 15 percent of the company's issued and fully paid capital.

In this plan, the company's share price with the code BELI is offered from IDR 410 to IDR 460 per share. This means that Blibli from the Djarum Group owned by the Hartono brothers' conglomerates has the potential to earn IDR 7.29 trillion to IDR 8.17 trillion.

If the target fund is realized, Blibli has also prepared an allocation plan. Starting from IDR 5.5 trillion for payment of bank debt, and the rest for working capital including sales and marketing activities, to the addition of the company's business support facilities.

In this IPO, Blibli also allocated option rights to its management and employees as much as 3.66 billion shares or 2.99 percent of the issued and fully paid capital after the IPO.

Meanwhile, after the initial offering period, the company hopes to obtain an effective IPO permit on October 28 and then hold a public offering period on November 1-3, until finally listing the shares on the Indonesia Stock Exchange on November 7 next.

To expedite this action, Blibli has appointed BCA Sekuritas and BRI Danareksa Sekuritas as underwriters for the issuance of securities.

For additional information, the current composition of Blibli's shareholders consists of:

PT Global Investama Andalan 98.46 percent

Kusumo Martanto 0.04 percent

Honky Harjo 0.03 percent

Lisa Widodo 0.002 percent

Henry 0.002 percent

Andy Untono 0.001 percent

And others 1.45 percent