DIGIVESTASI - PT Sinergi Multi Lestarindo Tbk will conduct an initial public offering  (IPO) and issue 465,625,000 new shares with a nominal value of IDR 10 per share.

Quoting the prospectus of a prospective issuer selling food and beverage chemicals on the e-IPO page, Friday (15/12/2023), the number of shares offered is 20% of the issued and fully paid capital, equivalent to a percentage. To achieve this goal, the company plans to conduct an initial public offering from 15 to 22 December 2023 with a price range of IDR 175 to 190 per share.

Thus, the IPO value this time is around IDR 81.48 billion to IDR 88.46 billion. OJK plans to issue an IPO statement effective December 28, 2023. According to the schedule, the Company will jointly conduct a public offering with MNC Securities as the underwriter on January 2 to 8, 2024, and in order to attract investors which is scheduled for January, the Company plans to issue Series I bonds totaling 232,812,500 shares. warrants to investors. 8, 2024. At this point, both shares each receive one warrant.

In addition, each share acquisition right  can be exchanged for one share of the company  from  July 10, 2024 to January 9, 2025 with an exercise price of IDR 200-210 per share. If everyone exchanges their rights to acquire shares for shares, the company  will again receive funding of up to IDR 48.89 billion.

The company plans to use the IPO funds to purchase a warehouse worth IDR 6 billion. Furthermore, IPO funds amounting to IDR 3.4 billion flowed to R&D institutional developers. The remainder comes from  working capital in the form of purchasing raw materials used in the food chemicals, personal care and industrial chemicals businesses.

The company reported  net profit of IDR 2.2 billion for the nine months of 2023 after recording revenue of IDR 92.3 billion.