PT Jhonlin Agro Raya Tbk (JARR), a company controlled by Haji Isam, has just kicked off initial public offering (IPO) of 1.22 billion shares at Rp250 to Rp300 to raise a maximum Rp366.9 billion. Representing 15.29% of the enlarged shares capital after the IPO, Jhonlin’s enterprise value for the IPO is set at a maximum of Rp2.4 trillion. To subscribe please click here
