JAKARTA. PT Newport Marine Services Tbk (BOAT), a company which operates in the field of chartering vessels for the needs of the oil and gas (oil and gas) industry, will offer as many as 1 billion shares through an Initial Public Offering (IPO) on the Indonesia Stock Exchange (BEI).

The number of shares offered by BOAT is equivalent to 28.57% of the issued and fully paid capital after the IPO. Each share will be priced in the range of IDR 100 to IDR 120 per share.

The initial offering (book building) period for BOAT shares is scheduled for 21-25 October 2024. The public offering will be scheduled for 4-6 November 2024 and the listing of shares on the Indonesia Stock Exchange (BEI) on 8 November 2024.

In this IPO, BOAT appointed PT BRI Danareksa Sekuritas as the managing underwriter for the securities issuance. Meanwhile, the underwriter has not yet been determined.

Please note, BOAT is a company founded in 2008. A number of vessels operated by the company include Seismic Survey Vessels, Utility / Multipurpose Vessels, Crew Boats, Anchor Handling Tug Supply, Azimuth Stern Drive Tugs, Landing Craft Tankers, Oil Barges, and Platform Supply Vessels. (KR/LM)