PT Samator Indo Gas Tbk (Formerly PT Aneka Gas Industri Tbk)
Initial Public Offering (“IPO”)
PT Samator Indo Gas Tbk (formerly PT Aneka Gas Industri Tbk) has been publicly listed on the Indonesian Stock Exchange (IDX) since 28 September 2016. Under the ticker AGII, the company raised IDR 811.32 billion, net of issuance costs, and became the first as well as the largest national industrial gas company to go public. The number of shares offered in the IPO was 766,660,000 new shares with a nominal value of IDR 500 and an offering price of IDR 1,100 per share. According to the prospectus, as much as 40% of the IPO proceeds were used for investment, 40% for repayment of a portion of the company’s debts, and the remaining 20% for working capital. The proceeds have been entirely used as reported in the company’s IDX filing “Realization of Use of IPO Proceeds Report” per reporting period of 30 June 2019. IDX categorizes AGII as Chemical Goods stocks as part of the Raw Material sector, of which is defined as a company that produces basic chemicals including but not limited to industrial gases such as nitrogen, oxygen, carbon dioxide, and many more.
For more information on PT Samator Indo Gas Tbk’s IPO prospectus, click here.