Madusari Murni Indah Tbk: Expansion is Imminent (Initial Public Offering) August 8, 2018 519

Company History

  • 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.

Main Business

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.

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