Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
19 October 2020 (closed)
USD/IDR (14,690) -7.01 -0.05%
EUR/IDR (17,369) -36.93 -0.21%
Jakarta Composite Index (5,126.33) +22.92 +0.45%
On Wednesday (18/12), PT Industri Jamu dan Farmasi Sido Muncul, better known as Sido Muncul Herbal, was the 30th company that became listed on the Indonesia Stock Exchange (IDX) in 2013. The company, Indonesia's largest herbal medicine producer, offers 1.5 billion shares (about ten percent of its enlarged capital) to the public for the price of IDR 580 per share, thus aiming to generate IDR 8.7 trillion (USD $72.5 million) from today's initial public offering (IPO).
About 56 percent of the generated funds will be used as working capital for the development of raw materials, packaging, and finished goods. Roughly 42 percent will be used for investment in land acquisition for factory expansion. The remaining 2 percent will be used for IT and computer technology.
Shares of Sido Muncul immediately rose at its trading debut. Just before the end of the first trading session on Wednesday (18/12), its price was up to IDR 710 per share, a 22.4 percent jump from the start of the day.
Last Update: 26 Okt 2020
Newly Listed Companies on the IDX in 2013
|Company||P: 26 Okt 2020||P: 25 Okt 2020||Gain/Loss||P/E ttm||Yield %||Gain/Loss YTD|
Green colour indicates upward movement
Red colour indicates downward movement
P = price; E = earnings; D = dividend; Yield = D/P
"N/A" indicates P/E < 0 (negative earnings)
"-" indicates E,D,P or YTD is not available