Madusari Murni Indah Tbk: Expansion is Imminent (Initial Public Offering) August 8, 2018
Established in 1959 under the name PT Sumber Dadi.
The name was changed to PT Madusari Murni Indah (MMI) in 1972.
Currently, MMI or Molindo Group is a holding company of PT Molindo Raya Industrial (MRI), an ethanol producer, PT Molindo Inti Gas (MIG), a CO2 producer, and PT Sumber Kita Indah (SKI), a trading & distribution company.
Production, distribution, trading, and exporting ethanol, fertilizer, liquid CO2, dry ice etc.
Initial Public Offering Facts
Maximum of 495,946,000 shares (20% of the enlarged capital/total shares after IPO) are being offered to public.
Maximum of 49,594,600 shares (10% of the new offered shares) are allocated for Employee Stock Allocation (ESA) program
IPO price ranges between IDR 500 – IDR 600 per share.
The company plans 30% dividend on 2018 net profit.