Garuda Maintenace Facilities Aerowisata (GMF), a unit of flag carrier Garuda Indonesia (GIAA), has set its initial public offering (IPO) price between of Rp390 to Rp510 per share. The Company is offering 20% of its total enlarged capital or 6.35 billion shares through IPO and 10% for strategic investor. GMF expects to raise up to Rp3.24 trillion from the IPO with proceeds aimed to support expansion of its maintenance services to promising international market.To subscribe please click here