PT Distribusi Voucher Nusantara Tbk (DIVA), has set its IPO price at Rp2800-3750 per share, to raising Rp600-803 billion in total. It will offer 214.38 million shares, representing 30% of its total issued and paid-up capital, through the initial public offering (IPO). Kresna Graha Investama (KREN) owns 30% shares in DIVA, of which its unit M Cash Integrasi (MCAS) also holds 10% shares.
Acting as underwriters for this IPO are PT Kresna Sekuritas, Trimegah Sekuritas Indonesia, Sinarmas Sekuritas. DIVA allocates capital expenditure (capex) of Rp160 billion for 2019, partly used to purchase 3000 units of machines for DIVA Smart Outlet platform.