Steadfast Marine Tbk – Initial Public Offering May 22, 2018

Company Overview

  • Established in 2005 in Pontianak, West Kalimantan to provide marine industrial services, more specifically in shipbuilding.
  • With a total area of shipyard facilities approximately 56,000 sqm in the bank of Kapuas river.

Initial Public Offering Facts

  • Maximum of 350,003,000 shares (max. 35.28% of issued and paid up capital) is being offered to public at par value of IDR 100,- per share.
  • Maximum of 175,001,500 warrant series I (max. 27.25% of issued and paid up capital) is being issued alongside share issuance
  • IPO price ranges between IDR 110 – IDR 120 per share.

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