PT Bundamedik Tbk (the company) officially listed its shares on the Indonesia Stock Exchange to become the 24th listed company on the IDX in 2021 with the stock code BMHS.

BMHS Director Nurhadi Yudiyantho said through the Initial Public Offering (IPO), the company offered 682 million new shares or 7.93% of the issued and paid-up capital after the public offering at an offering price of Rp340 per share.

The company also held an Employee Stock Allocation (ESA) program with a total of 0.25% of the shares offered in the IPO or 1,538,600 shares.

"The funds obtained from this corporate action of around Rp232 billion (before deducting issuance costs) will be used to buy back the remaining principal of the company's bonds after the bond conversion and as working capital, including the purchase of drugs, medical devices, and other supporting needs aimed at fulfilling operational needs related to the company's health services," he said in Jakart