Jakarta - PT GTS Internasional Tbk has set an initial public offering (IPO) price of Rp100 per share.

Based on the brief prospectus published Wednesday (1/9), GTS will issue 2.4 billion shares or 15.17% of the total issued capital.

The company is estimated to receive funds from the IPO of around Rp240 billion from the corporate action.

The company has appointed underwriters for the IPO,  Reliance Sekuritas.

The schedule for the implementation of the IPO issuance: the initial offering period August 20-26, effective date on August 31, offering period September 2-6, allotment September 6, electronic distribution of shares on September 7, and listing on the IDX September 8, 2021.

GTS plans to extend the Ekaputra-1 contract for the longer term, such as the LNG ship time charter contract for January 2022 to December 2022 as an LNG carrier in the PT NR project. After December 2022, LNG lease contracts are assumed to be extended for fiv