PT Daaz Bara Lestari Tbk Lists Shares on the IDX, Business Expansion is Getting Stronger

On November 11 2024, the Indonesia Stock Exchange (BEI) officially opened a trading session for the initial listing of PT Daaz Bara Lestari Tbk (DAAZ) shares on the main board. This listing makes DAAZ the 37th company to be listed on the IDX throughout 2024.

Founded in 2009, DAAZ initially focused as a commodity trading company. However, over time and market demands, DAAZ transformed into a diversified entity. Currently, DAAZ operates on three main pillars: commodity trading such as nickel ore, coal and diesel fuel; sea ​​transportation services; as well as mining services. With an integrated solution approach, DAAZ is committed to supporting the mining and mineral processing sector, prioritizing operational standards and the best service quality.

This company is listed in the Raw Goods sector, with the Metals & Other Minerals sub-industry. In its debut, DAAZ shares were set at an offering price of IDR 880.00 per share. The total shares listed reached 1,997,000,000 shares, with an initial market capitalization of IDR 1.76 trillion.