Jakarta - PT Geoprima Solusi Tbk (GPSO) officially became the 30th listed company on the Indonesia Stock Exchange (IDX) this year.

Issuers in the field of wholesale trading of machinery, equipment, and other equipment have carried out an Initial Public Offering (IPO) of 166,666,600 new shares or equivalent to 25% of the company's issued and fully paid capital after the IPO.

The new shares are offered at Rp180 per share so that the total IPO funds raised are approximately Rp30 billion.

President Director of GPSO, Karnadi Margaka, said the company was very grateful and despite the unstable global and domestic conditions due to the COVID-19 pandemic, the public offering process went smoothly.

"The high public enthusiasm for the company's IPO also shows the public's high trust and expectations for the capital market in Indonesia in general and business prospects in particular," he said in his statement on Monday (6/9).