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Wahana Inti Makmur (NASI) Rice Distributor IPO, How Interesting?

Bisnis.com, JAKARTA – The parade of public offerings of public shares or IPOs for consumer issuers at the end of the year is still ongoing. After the producer of the Wasuka snack (TAYS) and the Cimory drink (CMRY), it was the turn of the rice producer and distributor, PT Wahana Inti Makmur, who officially started the book building phase on Wednesday (11/17/2021).

The arrival of NASI made 12 issuers lined up to sell their shares to the public through an initial public offering (IPO) mechanism.

Stipulated with the stock code NASI, in early December Wahana Inti Makmur will list a maximum of 200 million new shares with an exercise price of between Rp140 and Rp160 per share. This means that NASI is eyeing a maximum fresh fund of Rp32 billion.

About 18 percent of the proceeds from the IPO will be used by the company to build a new warehouse in Subang, West Java. The details are 4 percent for land purchases and 14 percent for construction.

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