REPUBLIKA.CO.ID, JAKARTA -- Three companies listed its shares through initial public offering (IPO) on Indonesia's Stock Exchange (IDX) on Thursday. There are now four companies that listing shares in capital market in Indonesia.

The three companies are PT Bank Ina Perdana Tbk (BINA), PT Asuransi Mitra Maparya Tbk (ASMI) and PT Capitol Nusantara Indonesia Tbk (CANI). BINA is the second companies offering its 520 million shares or 24.76 percent of the issued and paid up capital.

The local bank company offered a stock price of 240 IDR per share. Total funds that will obtain from this IPO reach 124.80 billion IDR. BINA also held employee stock allocation program (ESA) of its 10.40 million shares or two percent of total shares offered. PT Buana Capital was appointed as underwriter.

The third issuer is ASMI, which offering its 402.781 million shares or 29 percent of the issued and paid up capital. The insurance company offered a price of 270 IDR per share. About 65 percent of IPO proceeds will be allocated to network development, 15 percent for information and technology improvement, while the rest for human resources development, promotion and marketing costs.

The fourth issuer is CANI, which offering its 208.36 million shares or 25 percent of the issued and paid up capital. CANI set IPO price in range of 200 IDR to 100 IDR per share.

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