Jakarta - PT Bersama Zatta Jaya Tbk (ZATA) targets acquiring funds from the initial public offering (IPO) of Rp221 billion.

The company's prospectus released on Thursday (10/20) stated that ZATA issued 1.7 billion shares or 20.01% of the total issued and fully paid capital after the IPO.

The IPO price range is around Rp100-130 per share. The company has entrusted the implementing underwriter to UOB Kay Hian Sekuritas.

ZATA will use the IPO proceeds of around 5% to pay off all KMK PTR financial obligations with Bank Raya Indonesia Tbk, about 7% to pay off all KMK PTA obligations from Bank Raya Indonesia, around 17% for capital deposits to PT Bersama Dauky Maulya, and approximately 71% of deposits to PT Bersama Zatta Mulya.

Indications of the schedule are the initial offering period of October 20–26, 2022, the effective date of October 31, 2022, the public offering period of November 2–8, 2022, the allotment of November 8, 2022,