PT Megapower Makmur has set its IPO price at Rp200, to raise total proceeds of Rp49 billion. It will offer 245.1 million shares through the initial public offering (IPO), representing 30% of its total issued and paid-up capital. The offering is scheduled for June 20-22, 2017 and the listing at stock exchange is set for July 5, 2017. KGI sekuritas Indonesia acts as underwriter for this IPO. Current shareholders are Bina Puri Power Sdn Bhd (80%), Kang Jimmi (12%), and Kow Soon Heng 8%. Megapower will use 50% of IPO proceeds for paying debts to Bina Puri Power Sdn Bhd.