One Year after Its IPO, this Company’s Shares have Soared.
- HARTA DJAYA KARYA
- Feb 17, 2025
- 1 min read
Updated: Mar 2
JAKARTA – The shares of PT Harta Djaya Karya Tbk (MEJA) have surged 278.64% since their debut on the capital market on 12 February 2024. In Friday morning trading (14/2), the company’s share price rose 0.52% by 10:00 a.m. WIB compared with the opening level.
Based on market monitoring, MEJA shares strengthened to IDR 390 from IDR 388 at 9:00 a.m. WIB. Earlier at 9:20 a.m. WIB, the stock briefly touched IDR 392 per share.
During its Initial Public Offering (IPO), MEJA offered 480 million shares at an offering price of IDR 103 per share, raising IDR 49.44 billion.
The proceeds from the IPO were allocated for the purchase of fixed assets, building and vehicle rentals, and the development of information systems and networks. (LK/KR)
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