JAKARTA - PT Kentanix Supra International Tbk (KSIX) officially listed its shares on the Indonesia Stock Exchange (IDX), Wednesday (8/1). 

President Director of PT Kentanix Supra International Tbk, Ferdinand Aryanto, said that around 61.5% of the proceeds from the IPO will be used as working capital for infrastructure development.

‘In addition, it will also be used for the construction of houses in 2 existing projects, namely Grand Nusa Indah and Adhigana Grand Nusa Indah, as well as infrastructure development in a new project, Adhigana - Expansion,’ Ferdinand explained during the company's initial public listing on the IDX, Wednesday (8/1).

In its inaugural trade, the company's shares increased by 63 points or 13.94% to IDR 515 per share from the initial price of IDR 452 per share and continued to strengthen until it touched the Auto Reject Upper (ARA) with a 25% increase to IDR 565 per share.

With this listing, KSIX became one of the three issuers listed on the IDX in early 2025, along with PT Asuransi Digital Bersama Tbk (YOII) and PT Raharja Energi Cepu Tbk (RATU). (DK/LM)