The share price of PT Bundamedik Tbk (BMHS) increased 24% in its trading debut on Tuesday (6/7).

BMHS shares increased by Rp84 or 24.71% to Rp424 per share on the first day of the Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX).

The trading frequency of BMHS shares reached 470 times, with 1.30 million shares traded, and the transaction value reached Rp552.73 billion. Price Earning Ratio (PER) 0.00 with a market cap of Rp3.65 trillion.

The company offered as many as 682 million new shares, representing 7.93% of the issued and paid-up capital, at an offering price of Rp340 per share.