pt amman mineral internasional which owns the second largest gold and copper mine in indonesia plans to raise up to 129 trillion rupiah 861 million in what would so far be the country’s largest initial public offering this year the company will offer 729 billion shares at 1650 to 1775 rupiah each with a listing at the jakarta stock exchange scheduled for july 5 according to a prospectus published on wednesday this offering would surpass pt trimegah bangun persada known as harita nickel as the country’s biggest ipo in 2023 after raising 10 trillion rupiah in april the plan adds to a slew of public offerings in indonesia which has been the most active ipo market in southeast asia this year proceeds will be used for working capital debt repayment and to fund refinery projects in west nusa tenggara province according to the prospectus the underwriters are bni sekuritas clsa sekuritas indonesia dbs vickers sekuritas indonesia and mandiri sekuritas