Property developer PT Triniti Dinamik Tbk plans to conduct an initial public offering (IPO) of up to 1.51 billion shares.

Citing the information disclosure of the Indonesian Central Securities Depository, on Monday (7/6), the IPO share offering price was Rp100.

Simultaneously, the company also issued 1.51 billion series I warrants accompanying the company's new shares or as much as 25% of the total number of issued and fully paid shares. The exercise price of the warrants is Rp125.

The company appointed the implementing guarantor and the underwriter to PT UOB Kay Hian Sekuritas.

Meanwhile, the implementation schedule is the effective ladder from OJK May 31, 2021, public offering period June 3-4, 2021, allotment June 8, 2021, subscription and distribution money development on June 9, 2021, assessment of shares and warrants on the IDX on June 10, 2021.

Meanwhile, the exercise period for series I on warrants is December 10, 2021-Jun