IPO, M Cash Targets Fresh Fund Rp 314 Billion
By : Ahmad Fadli Dan Aldo Bella Putra | Friday, October 06 2017 - 18:30 IWST

PT M Cash Integrasi Tbk akan melakukan penawaran umum saham perdananya di Bursa Efek Indonesia pada 31 Oktober 2017 (Dok: INDUSTRY.co.id)
INDUSTRY.co.id - Jakarta - PT M Cash Integration Tbk will conduct its initial public offering on the Indonesia Stock Exchange on October 31, 2017. In this initial public offering, the company offers up to 216.9 million new shares or equivalent to 25 percent of paid up capital, with IPO prices ranging between Rp 1,300 / share up to Rp 1,450 / share.
The Company has also appointed PT Kresna Sekuritas and PT Trimegah Sekuritas Indonesia Tbk as the underwriters of the IPO's main securities issuers.
"We are targeting fresh funds from the IPO of about Rp 282 billion to Rp 314 billion," said MCI President Martin Suharlie in publilknya exposure in Jakarta, Friday (6/10/2017).
He explained that the IPO fund will be used for expansion and working capital. MCI will expand digital kiosks in traditional markets with 80 percent composition and the rest are modern channels. "This year 1,000 stalls and 10,000 kiosks by 2020," he concluded
It believes that the price offered will attract investors. This is evident from the road show conducted by MCI in Hong Kong, Singapore and Jakarta and to date the demand has reached 7.2 times that offered.
Meanwhile, Michael Steven, MCI's President Commissioner stated that MCI is able to present a simple technology but can provide a great social impact because it can meet the needs of unbanked population which reaches 80 percent of the total population of Indonesia.
"This IPO is the first step of the company to realize its vision as digital distribution champion in Indonesia," he said
For information, MCI developed a first digital kiosk in Indonesia, capable of issuing various types of physical cards, including mobile SIM and e-money with registration automatically, without the need to use banking accounts.
Today's Industry

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 13:00 WIB
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

Selasa, 17 Mei 2022 - 12:28 WIB
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…
News Comment