PT MAP Boga Adiperkasa (MBA), a leading food and beverage retailer and subsidiary of Mitra Adiperkasa (MAPI), the country’s leading lifestyle retailer, has set its IPO price at Rp1680. It however downsized IPO volume to 22.17 million, or 1.02% of total shares, from initial plan 64.98 million shares. MBA is set to raise Rp37.25 billion IPO fund. The offering is set for today and tomorrow, while listing at stock exchange is scheduled for June 21, 2017. After IPO, MAPI will hold 79.1% shares of MBA and GAR will own 19.88%.