JAKARTA – The stock price of four issuers debuting in the stock exchange in June 2023 were seen sinking, compared to its IPO price last year.

Based on IDNFinancials data today (19/60, four listed issuers in question are namely PT Maxindo Karya Anugerah Tbk (MAXI), offering shares for IDR 100 each, PT Pelayaran Kurnia Lautan Semesta Tbk (KLAS) of IDR 146 per share, PT VKTR Teknologi Mobilitas Tbk (VKTR) of IDR 100 per share, and PT Graha Mitra Asia Tbk (RELF) of IDR 90 per share.

At today’s (19/6) morning bell, MAXI was seen at IDR 50 per share, down 50% from its IPO price. Its market cap was stuck at IDR 480.50 billion.

KLAS’s shares were also seen declining 15.73% at the morning session, arriving at IDR 121 per share from its IPO price at IDR 146. Its market cap was only IDR 261.96 billion.

Furthermore, VKTR also showed 7% decrease in stock price to IDR 93 per share from IPO price at IDR 100 each. This company is recorded with a market cap of IDR 4.37 trillion.

RELF also recorded 84.44% drop to IDR 14 per share at today’s morning session, plummeting from its IPO price of IDR 90 per share, resulting in market cap of IDR 80.18 billion. (LK/ZH)