JAKARTA. PT Esta Indonesia Tbk (NEST), a swallow’s nest manufacturer and wholesale company, has set the initial public offering (IPO) price to IDR 200 per share.

Said price arrives at the upper level of price range set by NEST during book building. With the offering price set to IDR 200 each, NEST will potentially raise fresh funds of up to IDR 164.5 billion from IPO.

For the record, NEST will offer 822.5 million shares in IPO, which are equal to 20% of its issued and paid-up capital post-IPO.

NEST has assigned PT KGI Sekuritas Indonesia as its lead underwriter for this upcoming IPO. The public offering will take place until August 6, 2024, followed by the distribution of shares on August 7, 2024, while the listing on Indonesia Stock Exchange (IDX) will conclude the process on August 8, 2024. (KR/ZH)