PT Totalindo Eka Persada Tbk has issued new shares through an Initial Public Offering (IPO) at the Indonesia Stock Exchange (IDX) on 16th June 2017, becoming the 11th company to list at IDX in 2017 and the 546th company to be listed at the IDX.
There were 1,666,000,000 new issued from the Company’s portfolio. That number represents 24.99% of public ownership. The IDR-100 share was offered to the public at IDR 310 per share, with the ticker “TOPS”. In total, the Company raised IDR 516,460,000,000 (five hundred and sixteen billion four hundred and sixty million Rupiahs) from its IPO.
At the beginning of the IPO, TOPS shares had its highest price at 154 points, which was IDR 464 per share, or jumped 49.68 % from the initial price.
As a result of Extraordinary General Meeting Shareholders (EGMS) and the listing approval from the Indonesia Stock Exchange (IDX). Totalindo implement a stock split with a ratio of 1: 5 to Rp20, – per share. As of July 9, 2018, Totalindo’s shares listed on Indonesia Stock Exchange (IDX) in the implementation of the stock split become :
Final Prospectus Book of PT Totalindo Eka Persada Tbk