The share price of PT Damai Sejahtera Abadi Tbk (UFOE) shot up 34.65 percent to the level of Rp136 on its trading debut on the Indonesia Stock Exchange today.

The number of shares traded was 5,000 and was transacted once, amounting to Rp680,000.

"We are happy to be a part of a company listed on the Indonesia Stock Exchange. Damai Sejahtera Abadi has experienced since 1998 in the field of electronic and furniture retail sales, "said Director of Damai Sejahtera, Poedji Harixon, in Jakarta, on Monday (1/2).

This company, which is engaged in electronic trading and household furniture, released 457.5 million new shares during its initial public offering (IPO).

The issuer's IPO price is set at Rp101. So, UFOE will get proceeds of Rp46.21 billion from the IPO.