Jakarta - PT Dayamitra Telekomunikasi Tbk (Mitratel) has set an initial public offering (IPO) price of Rp800 per share.

The prospectus released on Monday (15/11), the total value of the IPO is estimated at around Rp18.33 trillion.

Mitratel appointed PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, HSBC Sekuritas Indonesia, JP Morgan Sekuritas Indonesia, Morgan Stanley Sekuritas Indonesia, PT Danareksa Sekuritas Indonesia, PT Samuel Sekuritas Indonesia, PT Investindo Nusantara Sekuritas, PT Panin Sekuritas, PT Valbury Sekuritas Indonesia and PT Yulie Sekuritas Indonesia as the implementing underwriters for the issuance of securities.

The planned IPO implementation schedule is: the effective date of the registration statement from OJK on November 12, 2021. The public offering period lasts 16-18 November 2021, allotment November 18, 2021, electronic distribution of shares November 19, 2021, and listing on the IDX November 22, 2021.