PT Trafindo Prima Perkasa, one of the largest manufacturer of transformers in Indonesia, has set its IPO price at range of Rp320-400 per share, to raising IPO proceeds of Rp384-480 billion. The Company offers 1.2 billion shares through the initial public offering (IPO), representing 16.67% of its total issued and paid capital. The Company allocates 120.16 million shares, representing 10% of IPO, for employees (employee stock allocation). The book building starts today and will last in May 30, 2017. The offering is set for June 13-14, 2017 and listing on Indonesia Stock Exchange (IDX) is targeted at June 20, 2017. Bahana Sekuritas acts as underwriters for this IPO.
