Jakarta - PT Hasnur Internasional Shipping Tbk set an initial public offering (IPO) price of Rp300 per share, making the value of this share offering reached Rp157.57 billion.

In a brief prospectus published on Tuesday (24/8), Hasnur offered 525.25 million shares, equivalent to 20% of the company's issued and paid-up capital.

The company will use approximately 46% of the IPO proceeds for capital expenditures by adding three sets of ships and barges, about 23% for subsidiaries as loans, and 31% for working capital for the company to support operational activities.

The company appointed RHB Sekuritas Indonesia as the underwriter for the issuance of securities.

The schedule for implementing the IPO plan is: the effective date on August 23, 2021, the initial public offering period of August 24-30, 2021, allotment on August 30, 2021, electronic distribution of shares on August 31, 2021, IPO listing on the IDX on September 1, 2021.