HartadinataAbadi, jewelry manufacturer, will conduct an IPO by issuing 1.5b shares to the public, equivalent to 30% of its issued and paid shares. The company expects to raise funds of Rp420b-Rp534b from the IPO. Mandiri Sekuritas, MNC Sekuritas and RHB Securities Indonesia will act as the underwriters. The bookbuilding will take place on 9-23 May 17 and the listing on the Indonesia Stock Exchange will take place on 20 Jun 17. About 50% of the proceeds will be used to pay off debts, 42% will be used to buyraw materials, 6% will be used to buy new machinery and 2% will be used to improve the internal e-commerce support. The company targets to achieve 20% yoy and 5% yoy revenue and net income growth this year.