Bandung-based PT Hartadinata Abadi Tbk, a producer of accessories, decided to downsize its IPO size, to 24% from initial planned 30%, to match with its 24 carat gold philosophy. The Company will offer 1.1 billion shares, instead of 1.5 billion. The offering is scheduled for June 12-14, 2017 while listing at stock exchange is set for June 20, 2017. Acting as underwriters for IPO are Mandiri Sekuritas, MNC Sekuritas, and RHB Sekuritas Indonesia. Current shareholders of Hardinata are PT Terang Anugrah Abadi that controls 96% and Ferdy Wijaya who owns 3.93%.