Murni Sadar sets IPO price to IDR 1,280 per share

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Murni Sadar sets IPO price to IDR 1,280 per share

JAKARTA. PT Murni Sadar Tbk (MTMH), the managing company of Murni Sadar hospital network, has fixed its share price for the initial public offering (IPO), amounting to IDR 1,280 per unit.

Proceeding with this price, MTMH will potentially gain fresh funds of up to IDR 325.15 billion from the IPO. For the record, the issued shares in this stock exchange debut are said to be 254.02 million shares, which are equivalent to 12.28% of its issued and paid-up capital after the IPO.

The management mentioned that the IPO price was set based on the agreement and negotiation made by shareholders, the company, and lead underwriters. “We consider the outcome of the bookbuilding phase, starting from March 24 to 30, 2022,” the management admitted in the official release.

The main event itself, the public offering, is scheduled from April 13 to 18, 2022. The electronic distribution of shares will take place on April 19, 2022, concluded by the recording on Indonesia Stock Exchange (IDX) on April 20, 2022.

As idnfinancials.com once informed, MTMH plans to allocate IDR 181 billion of the proceed to the working and business expansion capital. The rest of it will be channelled out as a loan to its subsidiary, PT Murni Sadar Kasih Abadi. (KR/ZH)

Source: idnfinancials.com.sg April 18, 2022