PT Trisula Textile Industries Tbk has set its IPO price at Rp140-150 per share, to raise total proceeds of Rp42-45 billion. It offers 300 million shares or 20.69% of its total issued and paid-up capital through the initial public offering (IPO). The offering is scheduled for Sept 19-22, 2017 while the listing is set for Sept 28. PT Lotus Andalan Sekuritas acts as underwriter for this IPO. The IPO proceeds will be used for purchasing new machines (70%) and working capital (30%). The Company operates plant in Cimahi, Bandung, West Java.
