Offering Price : Rp 120,- per share 

Nominal : Rp 10,- per share 

Shares Issued : 450,000,000  Unit 

Listing Date : 6 October 2023 

  

Intented Use of Fund		
Cost of Fund	4.59%|underwriting fee, management fee, selling fee, supporting institution fee, and others fee.
IPO_Working Capital	35.49% | Business activities (cut and fill work, purchase of building materials, and other operational costs)
IPO_Capital Expenditure	64.51% | repayment of the land purchase (25.53 ha) wholly owned by affiliated parties located in Bangkalan Regency which will be used for the development of the Company's housing estate