JAKARTA – After a month without any new listings, PT Jantra Grupo Indonesia Tbk (KAKI) and PT Sinar Terang Mandiri Tbk (MINE) have announced their plans to go public on the Indonesia Stock Exchange (IDX) through initial public offerings (IPO) in March.

According to the initial prospectus available on the e-IPO platform, KAKI operates in the trade, repair, and maintenance of automotive parts.

For its debut, the company is offering 450 million shares, representing 21.68% of its issued and fully paid-up capital post-IPO. During the bookbuilding period from February 24-26, 2025, the offering price is set between IDR 100-120 per share.

If KAKI prices its IPO at the upper limit, the company is projected to raise as much as IDR 54 billion from this corporate action.

Meanwhile, MINE will offer approximately 612.67 million shares to the public, or 15% of its issued and paid-up capital post-IPO.

With an offering price range between IDR 200-216 per share, the company is estimated to raise up to IDR 132.34 billion in fresh capital. The company is currently in the bookbuilding phase, which runs until February 27, 2025.

According to its initial prospectus, MINE operates in the support services for mining activities and construction sectors.

Both prospective companies have scheduled the public offering period for March 4-6, 2025, with the shares expected to be listed on the IDX on March 10. (ZH)