Indonesia’s Harum Energy aims to raise $455 mln in Oct IPO

by mani on September 3, 2010

(Reuters) – Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its intial public offering based on the share price range set on Thursday.

Harum Energy has set the price range for bookbuilding at 5,000 rupiah to 6,300 rupiah per share, said one of its underwriters, following a due diligence meeting with investors. (Reporting by Fathiya Dahrul and Janeman Latul, Editing by Sara Webb)

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