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.
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…
News Comment