Four Companies Being Listed on IDX Next Week

Jakarta Globe are reporting that four companies are set to be listed on the Indonesia Stock Exchange (IDX) next week, bringing the total number of new listed companies so far this year to 49.

The four companies are Widiant Jaya Krenindo (WIDI), Platinum Wahab Nusantara (TGUK), Carsurin (CRSN), and Graha Prima Mentari (GRPM).

Widiant Jaya Krenindo, which primarily operates in heavy machinery rentals, conducted an initial public offering (IPO) from July 4 to July 6, issuing 400-million shares or 25-percent of its total shares to raise IDR 40-billion in fresh capital.

Platinum Wahab Nusantara, a food and beverage company, released 1-billion shares during its IPO and raised IDR 117.85-billion. The company currently has more than 150-outlets across Indonesia, say Jakarta Globe.

Carsurin, a provider of testing, inspection, and certification services for various industries, sold 600-million shares in its first public offering and earned IDR 75-billion. Established in 1968, the company operates in 20-branch offices and 15-multi-function laboratories.

Graha Prima Mentari, a distributor of Coca-Cola products, offered 309-million shares during its IPO, raising IDR 37.08-billion. The company, based in Cirebon, operates in seven existing distribution areas and plans to expand to eight new distribution areas in Java and Sumatra.

These four companies will join the IDX as new listed members on Monday.

Source: Jakarta Globe

Photo by Ruben Sukatendel on Unsplash

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