Bumi Resources Mineral Set Price IDR 625-635

PT Bumi Resources Mineral, a unit of Indonesia's biggest coal miner PT Bumi Resources (BUMI.JK), may raise as much as 2.745 trillion rupiah ($308.1 million) in its November initial public offering, based on the share price range set on Monday.

 

BRM has set the price range for bookbuilding at 625 rupiah to 635 rupiah per share, said Vicky Ganda Saputra, a director at PT Danatama Makmur, one of its underwriters, following a due diligence meeting with investors on Monday.