JAKARTA – The stock performance of PT Harta Djaya Karya Tbk (MEJA) has surged by 278.64% since its debut on the stock market on February 12, 2024. During Friday morning’s trading session (14/2), the issuer's shares rose by 0.52% as of 10 AM WIB from the opening of the transaction.

In the trading overview, MEJA shares continued to strengthen, reaching IDR 390 from IDR 388 at 9 AM WIB. Earlier, at 9.20 AM WIB, the issuer’s stock briefly touched IDR 392 per share.

At the time of the initial public offering (IPO), MEJA’s management set the offering price at IDR 103 per share. A total of 480 million shares were offered at a nominal value of IDR 20 per share. The total funds targeted during the initial public offering amounted to IDR 49.44 billion.

The funds raised from the stock offering were allocated for the purchase of fixed assets, building and vehicle leases, as well as the development of information systems and networks. (LK/ZH)