KiranaMegatara will conduct an IPO to raise funds of Rp460b-Rp550b by issuing 15% of its fully issued and paid shares. Trimegah Securities will act as the underwriter. The bookbuilding willbe on 9-26 May 17 and effectively be listed on Indonesia Stock Exchange on 20 Jun 17. About 58% of the proceeds will be used to inject funds to its subsidiaries, 22% will be used to pay off debts and the rest will be used to finance its working capital.