JAKARTA. PT Amman Mineral Internasional Tbk (AMMN) officially debuted on the Indonesia Stock Exchange (IDX) on Friday (7/7) today, after carrying out an Initial Public Offering (IPO) on 3-5 July 2023.

Alexander Ramlie, President Director of AMMN, said that investor interest in the company's IPO is quite high. This can be seen from the response of institutional and retail investors during the initial offering period (book building). "This IPO is one of the strategic steps to develop the company's sustainable business," said Ramlie.

Meanwhile Oki Ramadhana, President Director of PT Mandiri Sekuritas, said that AMMN's shares experienced oversubscription at the time of the IPO. "Investor interest in Centralized Allotment (Pooling) is also quite high, as seen from the number of oversubscriptions of up to 13.6 times with more than 27,000 investors," said Ramadhana.

As previously reported by idnfinancials.com, AMMN offered 6.32 billion shares or 8.8% of the issued and paid-up capital after the IPO. Each share is priced at an offering price of IDR 1,695 per share. With this offering price, the company's IPO value reached IDR 10.73 trillion.

For the record, AMMN posted net sales of US$2.8 billion in the 2022 financial year, up 117.9% year-on-year (yoy). Meanwhile, the company's net profit grew 242.7% yoy to US$1.1 billion in 2022. (KR/LM)