PT. Garuda Metalindo has completed an IPO in the amount of IDR 257.81 billion.

PT Garuda Metalindo Tbk is an Indonesia-based company, which is engaged in the field of industrial components and subcomponents, including nuts and bolts for motor vehicles. It manages and evaluates its business in a business group consisting of motorcycle parts, auto parts and other industries. It is also a manufacturer and supplier of fasteners and components to the automotive sector, serving domestic and international markets. The Company has fasteners and engineered components, primarily for the automotive industry. Its products are used in different critical applications, including engine, suspension, brakes, frame and chassis, interior, power train and other applications. Its products are being delivered to numerous assembly lines and factories across Asia, Europe and the Americas. The Company’s subsidiaries include PT Mega Pratama Ferindo (MPF) and PT Indo Kida Plating (IKP).