JAKARTA. PT Ikapharmindo Putramas Tbk (IKPM) is arranging its initial public offering (IPO) of 336.93 million shares in Indonesia Stock Exchange (IDX).

The number of shares offered by IKPM is equal to 20% of its issued and paid-up capital. Each share has a face value of IDR 100 and will be offered for a price ranging from IDR 160 to IDR 180 per share.

Assuming that the company will set the offering price to its highest, IDR 180 per share, IKPN will potentially end up with IDR 60.65 billion of fresh funds from this IPO.

The book building of IKPM is set to take place from October 23 to 30, 2023. The public offering will then follow on October 31, 2023, concluded with the listing on the stock exchange on November 10.

According to IDNFinancials data, IKPM is a company engaged in the pharmaceutical and personal care industry. For consumers, the products that they offer include Baby HUKI and NR. (KR/ZH)