JAKARTA. PT Zeus Kimiatama Indonesia Tbk (ZEUS), a special chemical ingredient manufacturing and trading company, schedules its initial public offering (IPO), offering 1.05 billion shares in Indonesia Stock Exchange (IDX).

The number of shares issued is equal to 21.27% of ZEUS’s entire issued and paid-up capital post-IPO. Each share has a face value of IDR 10 per share, and will be offered for a price ranging from IDR 100 to IDR 105 per share.

Assuming that the offering price is set to IDR 105 per share, ZEUS potentially raises fresh funds of up to IDR 110.25 billion at the end of this corporate action.

ZEUS has appointed PT NH Korindo Sekuritas Indonesia as the lead underwriter. The book building is scheduled to last from July 18 to 25, 2023, followed by the main public offering from August 2 to 4, 2023. Lastly, the listing on IDX will conclude the IPO on August 8, 2023.

As of May 31, 2023, ZEUS had total assets of IDR 176.73 billion and total equity worth IDR 82.91 billion. Its sales were recorded at IDR 89 billion, and the net profit hit IDR 12.09 billion. (KR/ZH)