JAKARTA. PT Mastersystem Infotama Tbk (MSTI), an information technology solution provider, is scheduling an initial public offering (IPO) in Indonesia Stock Exchange (IDX) by offering 667 million shares.

The number of shares offered by MSTI is equal to 20% of its issued and paid-up capital. Each share has a face value of IDR 25, but will be offered for a price ranging from IDR 1,355 to IDR 1,595 per share.

Assuming that the company will proceed with the upper price range, IDR 1,595 per share, MSTI will potentially gain fresh funds of up to IDR 1.06 trillion from the IPO.

MSTI has assigned PT Indo Premier Sekuritas and PT Maybank Sekuritas Indonesia as its lead underwriters, while the underwriters will be announced later.

The book building of MSTI’s shares is scheduled to take place until October 26, 2023. The public offering is set to November 2-6, 2023, followed by the listing on November 8, 2023. (KR/ZH)