JAKARTA (Yosefardi) – PT Bank Artos Indonesia Tbk has set its IPO price at Rp120-150 per share, to raise total proceeds of Rp29-36 billion.
The bank has in December 14, 2015 kicked off its initial public offering (IPO) for 241.25 million shares, representing 20% of its total issued and paid up shares capital.
The offering is scheduled for January 4-6, 2016. The listing at the Indonesia Stock Exchange (IDX) is set for January 12, 2016.
Bank Artos, controlled by Hardy family, booked net profit of Rp552 million in first half of 2015 on net interest income of Rp18.33 billion. The bank’s assets reached Rp730 billion while liability amounted Rp625 billion.