REPUBLIKA.CO.ID, JAKARTA - Three companies offer new shares at Indonesia's Stock Exchange (IDX) on Monday. They are PT Bank Mestika Dharma, PT Multipolar Technology, and PT Victoria Investama.

Bank Mestika, a lender based in Medan (North Sumatra) offers 430 million shares or 10.51 percent of the issued and paid-up. The offering price is 1,380 IDR per share. 

"We reaches 593.4 billion IDR from this innitial public offering (IPO). One hundred percent of this fund will be saved as a third-party funds," President Director of Bank Mestika, Achmad S Kartasasmita said on Monday.

Victoria Investama, an investment company, offers 1.2 billion shares at the offering price of 125 IDR per share. This value equals to 16.33 percent of the issued and paid-up capital after IPO.

Multipolar Technology, a prominent IT systems integration company in Indonesia, offers 375 million new shares to the public or 20 percent of the paid-up capital. The offering price is 480 IDR per share. 

Multipolar Technology has total fund worth 180 billion IDR. About 28 percent or 50.4 billion IDR will be used for capital expenditure until 2014, while 46,50 billion IDR will be allocated for payments debts. 

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