<article>Wooden furniture manufacturer and retailer Integra Indocabinet will offer 2.69 billion shares (35 per cent of paid capital) at Rp 210 &#8211; 315 apiece, the company announced recently.</article>

Wooden furniture manufacturer and retailer Integra Indocabinet will offer 2.69 billion shares (35 per cent of paid capital) at Rp 210 &#8211; 315 apiece, the company announced recently.
Book building had started last week, while the shares offering is scheduled for 19 &#8211; 20th of June, 2017. Bahana Sekuritas, DBS Vickers Sekuritas Indonesia, and BCA Sekuritas are underwriters.
If successful, the company hopes to rake in up to Rp 848 billion ($63.5 million), majority of which will be allocated for capital expenditure. The remaining will be used for repaying loans and work capital.
A total of 31 companies have announced plans for or conducted an IPO this year, seeking to raise more than Rp 24 trillion ($1.8 billion) in fresh capital. If the number is fully realized, it will double from last year’s performance, which only saw 15 completed IPOs raising Rp 12.1 trillion in total.
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Wooden furniture manufacturer and retailer Integra Indocabinet will offer 2.69 billion shares (35% of paid capital) at Rp 210 - 315 apiece in its IPO.

Indonesia: Integra Indocabinet aims to raise $63.5m via IPO

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Indonesia: Integra Indocabinet aims to raise $63.5m via IPO

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