https://www.cnbcindonesia.com/market/20220404135648-17-328583/perusahaan-furnitur-oscar-living-incar-rp-50-m-dari-ipo
Jakarta, CNBC Indonesia - Oscar Living furniture company, PT Oscar Mitra Sukses Sejahtera Tbk plans to conduct an initial public offering (IPO) by offering a maximum of 400,000,000 shares.
The number of shares offered is equivalent to a maximum of 21.10% of the issued and paid-up capital of the company after the public offering, which are new shares issued from the Company's portfolio with a nominal value of Rp. 10 per share.
Citing the prospectus, Monday (4/4/2022), the new shares are offered to the public with an Offer Price range of around Rp. 100 to Rp. 125 per share.
"The total amount of this Public Offering is a maximum of Rp. 50,000,000,000," the prospectus wrote.
The company has appointed PT Danatama Makmur Sekuritas as the implementing guarantor of the securities issuance.
Along with the issuance of New Shares, the Company also offers Series I Warrants of a maximum of 400,000,000 Series I Warrants, which represents a maximum of 26.67% of the total issued and fully paid shares at the time the Registration Statement is submitted to the Financial Services Authority ( OJK).
Series I warrants are given free of charge as an incentive for new shareholders whose names are recorded in the allotment list of the Public Offering issued by the Securities Administration Bureau on the allotment date, which is 27 April 2022.
Each holder of one new share of the Company is entitled to one warrant, each of which entitles the holder to purchase one new share of the Company issued in a portfolio.
Series I Warrants are securities that give the holder the right to purchase Common Shares in the Name with a nominal value of Rp. 10 per share at an Exercise Price to be determined later, which can be exercised during the exercise validity period starting 6 months from the issuance of Series I Warrants. by the Company, starting from October 24, 2022 until April 28, 2023.
The entire proceeds from this Public Offering, after deducting emission costs, will be used by the Company as follows:
- Approximately 11.78% will be used by the Company for capital expenditures related to warehouse renovation and strengthening the trading network of furniture products by adding an own-fleet fleet in the form of trucks. counterparty to the transaction with the Company.
The company estimates that the implementation period for the use of the funds is around 2 years.
- Approximately 88.22% will be used by the Company for working capital in the form of purchasing supplies, employee salaries, and marketing activities. The use of the Public Offering funds will also include leasing new warehouses. Meanwhile, when this prospectus was published, the Company was still in the stage of exploring several options for the new warehouse locations, where the new warehouse locations would be located in various cities in Indonesia.
"Meanwhile, the funds obtained by the Company from the exercise of the Series I Warrants will be used entirely for working capital in the form of purchasing supplies, employee salaries, and marketing activities," the prospectus wrote.
Check out Oscar Living's indicative IPO schedule below.
Initial Offer Period : April 4 - April 14 2022
Effective Date : 21 April 2022
Initial Public Offering Period : April 22 - April 27 2022
Allotment Date : 27 April 2022
Share and Warrant Distribution Date Electronically and Refund: 28 April 2022
Listing Date of Series I Shares and Warrants on the IDX: April 29, 2022
Series I Warrants Trading Beginning Date : April 29, 2022
End date of the exercise of Series I Warrants : May 1, 2023
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