PT Distribusi Voucher Nusantara Tbk (DIVA), has set its IPO price at Rp2950 per share, to raising Rp632.14 billion in total. The offering starts today and will last on Friday (Nov 23). The listing is set for 27 November 2018. It offer 214.38 million shares, representing 30% of its total issued and paid-up capital. 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.