JAKARTA. PT Topindo Solusi Komunika Tbk (TOSK), the technology company that developed the Topindoku digital platform, will release 875 million shares through an Initial Public Offering (IPO) on the Indonesia Stock Exchange (BEI).

The number of shares to be offered by TOSK is equivalent to 20% of the issued and fully paid capital. Each share has a nominal value of IDR 10 per share, and will be offered at a price range of IDR 115 to IDR 125 per share.

Assuming the IPO share price is set at the upper limit or IDR 125 per share, TOSK has the potential to reap fresh funds of up to IDR 109.37 billion from the IPO.

The underwriters appointed in the TOSK IPO are PT MNC Sekuritas and PT Erdikha Elit Sekuritas. The initial share offering period will take place on 15-19 January 2024. The public offering is scheduled for 29 January - 1 February 2024 and the share listing on the stock exchange on 5 February 2024.

According to idnfinancials.com data, a number of products offered by TOSK include virtual product solutions via the Topindoku application. In this application, the company also offers solutions for purchasing wholesale products, travel, gaming and logistics. (KR/LM)