Jakarta - PT Perma Plasindo Tbk plans to conduct an initial public offering (IPO) of a maximum of 435 million shares at an offering price of Rp120-145 per share.

In line with the plan, the brief prospectus published on Thursday (28/10) also reported that the company issued 217 million series I warrants or 12.50% of the paid-in capital.

The company will use the proceeds from this corporate action of Rp38 billion to pay off the principal of third party debt, around Rp4.5 billion for loans to business entities, about Rp2.85 billion for the purchase of two plots of land in Klaten, approximately Rp2.55 billion to pay off the debt to Bino Digital Solutions Pte. The remaining will be for the company's business entities' use.

In the context of implementing the IPO, Perma Plasindo will use the financial statement book as of the end of July 2021, where the company's total assets reach Rp418.42 billion, with liabilities of Rp139.63 billion and equity o