Bank Negara Indonesia (BBNI, Rp3,000)

Green-shoe shares priced at Rp2,900 a share
The government finally set the price for Bank Negara Indonesia's green-shoe shares at Rp2,900 a share. About 70% of the green-shoe shares will be released to domestic investors and the remaining 30% is offered to foreign investors. Four local pension funds have been the largest buyers, they are, pension funds of Bank Indonesia, Jamsostek, Perkebunan, as well as Pertamina. Meanwhile, the foreign investors that become the largest buyers of the lender's greenshoe stocks are Invesco Hong Kong Ltd and Fidelity Investment Ltd. The Minister of State Enterprises Mustafa Abubakar said the
price actually can reach Rp3,000 a share. But if the government offers higher price, then the foreign investors will be the most potential buyers. The government wants to prioritize the domestic investors for this divestment.
With the price set at Rp2,900 per share, the stocks will have 3.93x oversubscribed. Meanwhile, if the price is set at Rp3,000, the stocks will be 1.36x oversubscribed. – Bisnis Indonesia

Indocement Tunggal Prakarsa (INTP, Rp16,150)

Cirebon-based new cement mill completed
Indonesia’s second largest cement producer, Indocement Tunggal Prakarsa, said it had its new cement mill with capacity of 1.5mn tons in Cirebon, West Java, completed. It may operate the mill on August or at the latest after Aidil Fitri holidays. The company may also plan to start building a new cement plant on 2H10, local newspaper reported. Indocement may allocate US$75mn for capital expenditure in 2010, the report said citing the company’s Corporate Secretary Dani Handajani. – Bisnis Indonesia, Investor Daily