Intan Eduka Multipara Officially Listed On IDX, Collaborating With MNC Sekuritas & KB Valbury As Implementing Guarantee For Emissions

Photo: Didi Kurniawan/VOI

JAKARTA - PT Multi-Karana Intan Eduka Tbk (MSIE), which focuses on providing international standard education infrastructure in Indonesia, is officially listed on the Indonesia Stock Exchange (IDX), today, Thursday 10 August.

The company offered 360 million shares at an offering price of IDR 100 per share, targeting funds of IDR 36 billion from the IPO. MSIE also provided incentives in the form of a warrant with a ratio of 2:1 for IPO investors.

In this IPO, MSIE is assisted by two trusted securities, namely PT MNC Sekuritas and PT KB Valbury Sekuritas. Previously, KB Valbury Sekuritas and MNC Sekuritas succeeded in delivering PT Sarana Mitra Luas Tbk to the stock exchange in May 2023.

MSIE has a vision and mission to continue to actively contribute to the development of the world of education through the provision of modern infrastructure with long-term schemes with affordable leases, so that education providers do not need to spend large initial capital for their business expansion and simply focus on improving the quality of education, such as formulation of curriculum, preparation of quality teaching staff, and good and optimal teaching and learning activities. Furthermore, the IPO proceeds will be used by MSIE to finance capital expenditure needs related to the Company's business expansion & working capital.

"This IPO is expected to strengthen the capital structure, improve the Company's image & GCG brand, and improve the Company's business expansion capabilities faster and better," explained MSIE Director Ian Griffin Prawiromaruto.

Director of Investment Banking of PT MNC Sekuritas Hary Herdiyanto believes MSIE's IPO can be an attractive option for potential investors in the midst of widespread public offerings in early August this year. According to him, factors such as definite income, sustainable cash flow, healthy financial condition, and attractive bidding structure will be the main consideration for potential investors in investing in MSIE.

In line with that, the CEO of PT KB Valbury Sekuritas Oh Cheolwu warmly welcomed this IPO. Highlighting the uniqueness of MSIE as the first issuer in the business of providing educational infrastructure on the Stock Exchange in Indonesia, Oh hopes this IPO will encourage more similar companies to conduct public offerings, which in turn will encourage growth in the education sector throughout Indonesia.