JAKARTA. PT Humpuss Maritim Internasional Tbk (HUMI), a subsidiary of PT Humpuss Intermoda Transportasi Tbk (HITS), will conduct the initial public offering (IPO) in Indonesia Stock Exchange (IDX).

The number shares issued through IPO is equal to 15% of the entire issued and paid-up capital of HUMI post-IPO. Each share has a face value of IDR 100, and will be offered for IDR 100 per share.

With this offering price, HUMI might gain fresh funds of up to IDR 270.7 billion from this corporate action.

The book building of HUMI’s shares is scheduled to last from July 18 to 24, 2023. The public offering will then take place from August 2 to 4, 2023, before finally being listed on IDX on August 8, 2023.

As of now, 89.99% of HUMI is controlled by PT Humpuss Intermoda Transportasi, while another 8% belongs to PT Humpuss Transportasi Kimia, leaving another 0.002% to Employees’ Cooperative Unit of Bhakti Samudra.

According to IDNFinancials data, the IPO of HUMI has been prepared by HITS since late 2022. In the public expose in December 2021, the management said that this corporate action is a part of the company’s strategy in securing quite expansive business opportunities nearing the 2024 Election. (KR/ZH)