IPO of Garuda Metalindo on the Indonesia Stock Exchange
The Indonesia Stock Exchange (IDX) welcomed Garuda Metalindo as the ninth company that listed on the IDX so far in 2015. The listing was a success as shares of the company, traded under ticker symbol BOLT, rose 50 percent during its trading debut. Garuda Metalindo is a manufacturer of bolts and nuts for the automotive industry and currently owns two factories in Tangerang and Kapuk (Java). Clients of the company include Astra Honda Motor, Kawasaki Motor, Krama Yudha Tiga Berlian Motor, and Suzuki Indomobil Motor.