JAKARTA. PT Ancara Logistics Indonesia Tbk (ALII), a sea transportation service company, will conduct its initial public offering (IPO) by issuing 3.16 billion shares in Indonesia Stock Exchange (IDX).

The total shares offered by ALII is equal to 20% of its issued and paid-up capital. Each share is valued at IDR 5, and will be offered for a price ranging from IDR 268 to IDR 278 per share.

Assuming that the company set the IPO price to the highest, which is IDR 278 per share, ALII will potentially raise total fresh funds of IDR 879.91 billion from this IPO.

ALII assigns PT Ciptadana Sekuritas Asia and PT Samuel Sekuritas Indonesia as joint lead underwriters. The book building is scheduled to last until January 24, 2024, while the public offering follows on February 1-5, 2024.

According to IDNFinancials data, as of now 41.09% of ALII is controlled by PT Graha Adika Niaga. Solomed Capital Pte. Ltd. claims another 39.48%, followed by PT Borneo Logistik Indonesia of 13.77%, Nalinkant Amratlal Rathod of 2.63%, and Aninditha Anestya Bakrie of 3.03%. (KR/ZH)