JAKARTA (Yosefardi) – Shares of PT Bank Mitraniaga Tbk (NAGA) surged 69% to 305 per share in its trading debut this morning. Its IPO price was Rp180 per share.
Bank Mitraniaga offered one billion shares through IPO, representing 45.79% of its total issued and paid-up capital, raising funds of around Rp200 billion.
As of December 2012, the bank’s assets totaled Rp1.05 trillion with outstanding credit of Rp418.16 billion and third party funds of Rp917.19 billion.
Its capital adequacy ratio (CAR) stood at 22.25%, above industry’s 18%.