Shares of HK Metals Utama (HKMU), member of Hyamn Group, engaging in metal and steel manufacturing, gained 49.57% to Rp344 at 2.40 PM Jakarta time, its trading debut. It listed 3.2 billion shares on Indonesia Stock Exchange (IDX).
HK Metals offered 1.02 billion shares through the initial public offering (IPO), representing 31.71% of its total issued and paid-up capital, priced at Rp230 per share, raising Rp235 billion in total. The Company said its IPO got positive response as investors oversubscribed on its IPO shares totaling 1.95 billion shares.
Shares of Propertindo Mulia Investama (MPRO)—held by a consortium of Bank Mayapada (MAYA), Hanson International (MYRX), and PT Saligading Bersama—also surged 70% to Rp187 on its trading debut today. It listed 9.9 billion shares on the IDX.
MPRO offered 1.49 billion shares through the initial public offering (IPO), representing 15.01% of its total issued and paid-up capital, priced at Rp110 per share, to raising Rp164.2 billion in total, mostly used for investment in subsidiaries (Simpurg Signature development). The Company said its IPO got positive response as investors oversubscribed on its IPO shares totaling 2.57 billion shares.
