JAKARTA (Yosefardi) – PT Indomobil Multi Jasa, subsidiary of PT Indomobil Sukses Internasional Tbk (IMAS), will issue 450 million shares through the initial public offering (IPO), representing 10.4% of its total issued and paid-up capital, priced at Rp500 per share, to raise total proceeds of Rp225 billion.
The company will use IPO proceeds for business development and working capital (60%) and paying banks loans of unit, PT CSM Corporatama (Indorent) (40%).
Indomobil Multi Jasa is engaged in financing and leasing for vehicles. The offering is scheduled for December 2-3, 2013 while listing at stock exchange is set for December 9, 2013.
Acting as underwriters are PT CIMB Securities Indonesia, PT Deutsche Securities Indonesia, PT DBS Vickers Securities Indonesia, PT Kresna Graha Sekurindo Tbk, and PT Buana Capital.