Saturday, May 12, 2012

Kartini Mulyadi Family raise IDR2.1 trilion from share sale

Kartini Mulyadi family raise IDR2.1 trilion used the upsize option for its secondary offering PT Tempo Scan Pacific Tbk, pharmaceutical producer and distributor. 

The family throughout PT Bogamulia Nagadi offered 500 million shares at the base deal size, with an option to increase this by 175 shares, and ended up increasing this by a further 125 million shares. 

Around 80% shares of the shares were allocated to long-only institutions, with around 30 quality names in the book. HSBC was sole global coordinator and book runner. The deal priced at IDR2,650 per share, the top of the IDR2,500-IDR2,650.

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