00:00INDONESIAN EFFECTS
00:05Thank you again with Papir, a company that sells home appliances and accessories.
00:10Mr. DIY, also known as MDI, will host an IPO in Indonesian Effects today.
00:16Mr. DIY is known for the initial public offering price, or IPO, of IDR 1,650 per share.
00:25Thus, Perseron has raised IDR 4,150,000,000,000 through this offering.
00:38MDI, Mr. DIY's managing partner,
00:43has received a total of 1,04 times more than requested,
00:48aka over-subscribed, in the general public offering price.
00:55MDI is known for the initial public offering price of IDR 1,650 per share.
01:01Thus, Perseron has raised IDR 4,150,000,000,000 through this offering.
01:09All proceeds after reducing the cost of emissions will be used by Perseron for three purposes.
01:15First, about 60% will be used to pay some of the debt to PT Bank CIMB Niaga Tbk.
01:24Second, about 30% of the IPO funds will be used by Perseron's employees
01:29to open a new shop based on the cost of the rental deposit,
01:34renovation, maintenance, and shop equipment.
01:40Third, about 10% of the IPO funds will be used by companies for operational work models,
01:47such as purchasing supplies, logistics costs, and so on.
01:53MDI, Mr. DIY's managing partner,
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