The prospective listed company, nickel miner PT PAM Mineral, plans to conduct an initial public offering of shares.

Based on the company's prospectus, PAM Mineral plans to release as many as 2 billion new shares or with a nominal value of Rp20 per share through an initial public offering (IPO). Meanwhile, this amount is equivalent to 20.7 percent of the company's total paid-up and issued shares.

Along with the IPO plan, the company also will issue a maximum of 2.6 billion series in warrants with a nominal value of Rp20 per share. The validity period of the exercise of the warrants is six months from the date of issuance, January 10, 2022, to July 7,  2023.

The initial offering period for the company's IPO is scheduled for  June 16-22, 2021, with an estimated effective date of June 29, 2021, and the listing date on the Indonesia Stock Exchange (IDX) on July 8,  2021.

PAM Mineral's management explained that the fre