JAKARTA. PT Soraya Berjaya Indonesia Tbk (SPRE), a household finished goods’ manufacturer, has set the offering price for its initial public offering (IPO) to IDR 125 per share.

Said price is at the middle of the book building price range previously set by SPRE, from IDR 120 to IDR 130. With the fixed price, the company might potentially raise IDR 30 billion of fresh funds.

In the prospectus, SPRE is said of planning to utilise approximately 90.71% of IPO proceeds to purchase raw materials. Then, another 9.29% will be utilised to acquire new machine and operational vehicles.

The parties assigned as the lead underwriter by SPRE for its IPO is PT MNC Sekuritas. The offering will take place from June 27 to July 1, 2024, before being listed on Indonesia Stock Exchange (IDX) on July 3, 2024. (KR/ZH)