PT Trisula Textile Industries Tbk has set its IPO price at Rp150 per share, to raise total proceeds of Rp45 billion. It offers 300 million shares or 20.69% of its total issued and paid-up capital through the initial public offering (IPO). 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.