JAKARTA. PT Satu Visi Putra Tbk (VISI), a wholesale trading company for advertising and printing industry, has set the price of its initial public offering (IPO) of IDR 120 per share.

The price is at the upper limit of the bookbuilding price range announced previously. With this price, VISI potentially raise fresh funds of up to IDR 73.8 billion from its IPO.

For the record, the number of shares offered by VISI in this IPO is 615 million shares, which are equal to 20% of total issued and paid-up capital post-IPO. Each share has a face value of IDR 25.

In the prospectus, VISI is said to have assigned PT Surya Fajar Sekuritas as the lead underwriter. The main public offering will take place from February 21 to 23, 2024, followed by the electronic distribution on February 26, and listing on Indonesia Stock Exchange on February 27.

VISI plans to utilise approximately 3.49% of IPO proceeds for purchasing a transport vehicle, in the form of a car. The remaining amount will be allocated to working capital, which will be used for inventory purchase. (KR/ZH)