JAKARTA. PT Verona Indah Pictures Tbk (VERN) and PT Master Print Tbk (PTMR) is currently conducting public offering process of its shares from today (2/10) until October 4, 2024.

VERN’s initial public offering (IPO) price is set to IDR 195 per share, while PTMR’s is IDR 128 per share. For the record, VERN and PTMR are offering 1.12 billion shares and 435 million shares in IPO, respectively.

With this fixed price, VERN is projected to raise funds of up to IDR 218.72 billion from IPO, while PTMR will potentially gain IDR 55.68 billion.

VERN and PTMR are only two out of the long list of companies listed in the IPO pipeline, set to debut on Indonesia Stock Exchange (IDX). At the end of September 202, IDX reported 30 companies are currently queuing, or in pipeline, for IPO.

Since the beginning of this year, there have been 34 companies finally being listed on IDX. Total raised funds from these IPOs clock up to IDR 5.15 trillion. (KR/ZH)