REPUBLIKA.CO.ID, JAKARTA -- Indonesia's Stock Exchange officially listed PT Bank Panin Syariah on board stock with code of PNBS. Panin Syariah is the first issuer and also the first sharia bank that listed its shares on IDX this year.
"It becomes a company's history. Panin Syariah is the first Islamic company conducting an initial public offering (IPO)," IDX President Director, Ito Warsito said on Wednesday.
He expects Panin Syariah shares can be collected by investors in Indonesia. IDX expects to add 30 new companies as bourse members this year. There were 31 companies that conducted IPO in the last year.
Director of PT Evergreen Capital as underwriter, Rudi Utomo said that domestic and foreign investors' demand for Islamic stocks were pretty good. Panin Syariah stocks experienced over-subscriber.
At the opening trading on Wednesday, Panin Shariah stock had increased to level of 105 IDR per share. The traded stock reached 106 times with trading volume of 35 thousand shares.
Panin Syariah released its 4.75 billion shares at IDX. Company expects to obtain IPO proceeds worth 475 billion IDR. It will be used for business development.
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