NSSS Share Price Opens Up IDR 11 during Initial Trading on IDX Today 10 March 2023

PT Nusantara Sawit Sejahtera Tbk was officially listed with the issuer code NSSS on the Indonesia Stock Exchange (IDX) on trading Friday, 10 March 2023. So, how was the pace of NSSS shares during the initial trading?

Quoting RTI data, NSSS shares opened up Rp. 11 to Rp. 138 per share from the initial price Rp. 127.  NSSS stock price was Rp. 129 or 1.57 percent at 9.25 WIB.

Nusantara Sawit Sejahtera shares are at the highest level of Rp. 138 and the lowest is Rp. 126 per share. The total trading frequency is 20,123 times with a trading volume of 394.15 million shares. Daily transaction value of IDR 51.61 billion.

A holding company and other management consulting activities, PT Nusantara Sawit Sejahtera Tbk (NSS) officially listed its shares on the Indonesia Stock Exchange (IDX) through an initial public offering (IPO) mechanism today, 10 March 2023.

In this corporate action, the company released 3.568 billion shares to the public. The number of shares offered reached 15 percent of NSS’ paid-up capital after the initial public offering of shares.

The company completed its initial offering (book building) on ​​17-22 February 2023. After obtaining an effective statement from the Financial Services Authority (OJK) on 28 February 2023, NSS then proceeded with the initial public offering period on 2-8 March 2023.

President Director of Nusantara Sawit Sejahtera, Teguh Patriawan said the nominal value of the Company’s shares is IDR 50 per share.

“The initial price for NSS shares is IDR 127 per share. That means the funds we have raised through the IPO of these shares are IDR 453.165 billion,” said Teguh in his official statement, Friday (10/3/2023).