PT Kirana Megatara, crumb rubber producer, has set its IPO prices at Rp458 per share, to raise total proceeds of around Rp527.82 billion. The Company will issue 1.15 billion shares through the initial public offering (IPO). The offering started yesterday and will last today. Listing at stock exchange is set for June 19, 2017. Acting as underwriters are PT Trimegah Sekuritas Indonesia Tbk. Kirana Megatara, part of Triputra Group, now holds 18% market share in Indonesia. Triputra Group is owned by T.P. Rachmat (PT Triputra Investindo Arya) and Persada Capital Group of B. Subianto (PT Persada Capital Investama).
