JAKARTA. PT Solusi Kemasan Digital Tbk (PACK), a digital printing company that focuses on product packaging for Micro, Small, and Medium Enterprises (UMKM), will issue 308 million shares in its initial public offering (IPO).

The number of shares issued will be equal to 20.03% of the issued and paid-up capital of PACK. Each share has a face value of IDR 10, and will be offered for IDR 110 to IDR 162 per share.

Assuming that PACK will exercise the offering price of IDR 162 per share, it might potentially gain IDR 49.9 billion of fresh funds from IPO.

According to the official disclosure received by IDNFinancials, PACK will allocate approximately 21% of IPO proceeds to the capital expenditure. The remaining 79% will then be used as its working capital.

PACK has assigned PT NH Korindo Sekuritas Indonesia as the underwriter. The book building phase will last until January 17, 2023, followed by the main public offering from January 31 to February 2, 2023. Then, the public listing on Indonesia Stock Exchange (IDX) will take place on February 3, 2023. (KR/ZH)