JAKARTA (Yosefardi) – Insurer for covering damage or losses, PT Asuransi Mitra Maparya Tbk kicks off its initial public offering (IPO) of 402.78 million shares this morning, representing 29% of its totaled issued and paid-up shares capital.
PT Griyainsani Cakrasadaya will sell 263.88 million shares on the IPO. The book building is scheduled for December 19-27, 2013. The offering is set for January 3-9, 2014 while listing at stock exchange is scheduled for January 16, 2014.
The company will also issue 402.78 million warrants, or 32.22% of total issued shares. PT Kresna Graha Sekurindo Tbk will act as underwriter for the IPO. The company targets to raise Rp138.9 billion from IPO.