JAKARTA – Today, February 7, 2024, Indonesia Stock Exchange (IDX) is listing 4 new stocks at once, consisting of PT Topindo Solusi Komunika Tbk (TOSK), PT Terang Dunia Internusa Tbk (UNTD), PT Mitra Pedagang Indonesia Tbk (MPIX), and PT Ancara Logistics Indonesia Tbk (ALII).

TOSK, an online platform provider for MSMEs from Kalimantan, is offering 875 million shares (20%) for IDR 125 each, targeting fresh funds of IDR 109 billion.

Meanwhile, UNTD, the manufacturer of United Bike bicycle, has been offering 1.67 billion shares (25%) with the price set to IDR 240 per share, with total emission value of IDR 400 billion.

MPIX, the competitor of TOSK in the same sector, is issuing 312.5 million shares for IDR 268 each to raise IDR 83.75 billion of fresh funds.

Lastly, ALII, a marine transportation for energy commodities, has set the price to the highest among all four, of IDR 272 per share, for 3.16 billion offered shares, aiming to rake in IDR 860.92 billion of total proceeds.

Approximately 30 minutes after debuting, at 9.28 AM WIB, ALII’s stock touches the upper limit of auto rejection, skyrocketing 25% to IDR 340 per share. MPIX follows closely with 24.63% surge in its price to IDR 334.

In the meantime, despite its 12% slippage to IDR 110 per share, TOSK is gaining tractions, arriving as the second stock with the highest frequency of trading.

However, the top highest trading frequency is held by UNTD, also scoring an increase of 5.83% in stock price to IDR 254.

Crowded with newcomers in the capital market, until 9.45 AM WIB today (7/2), JCI is entering the green zone, scoring 0.43% jump to 7,275. (ZH)