Shares of Shield On Service (SOSS) gained 50.5% to Rp414 per share at market close this morning, its trading debut on the Indonesia Stock Exchange (IDX). It offered 150 million shares through the initial public offering (IPO), priced at Rp275 per share, to raising Rp41.25 billion proceeds.
It listed 650 million shares, started trading with market capitalization of Rp179.4 billion. The Company provides securities services, cleaning service, human resource & parking management services.
SOSS booked net profit of Rp1.4 billion in Jan-Apr 2018 period, in revenues of Rp191.5 billion. In 2017, it booked net profit of Rp12.2 billion on revenues of Rp620 billion.