JAKARTA. PT Golden Westindo Artajaya Tbk (GWAA), a shrimp and fish seeds’ feed wholesale company, will conduct its Initial Public Offering (IPO) in Indonesia Stock Exchange (IDX) by issuing 685.7 million shares.

The number of shares issued by GWAA is equal to 30% of its issued and paid-up capital post-IPO. Each share has a face value of IDR 25 per share, and will be offered with a price ranging from IDR 100 to IDR 120 per share.

Assuming that the offering price is set to the upper range at ir 120 each, GWAA might potentially end up with IDR 82.28 billion of fresh funds from IPO.

The book building of GWAA’s shares will take place from September 10 to 18, 2024, followed by the public offering on September 25, 2024, and the listing on Indonesia Stock Exchange (IDX) on October 3, 2024.

In this IPO, GWAA has assigned PT Shinhan Sekuritas Indonesia as the lead underwriter. (KR/ZH)