The company is targeting proceeds of INR 357bn ($30m), or half the upper limit it had previously sought from the offering which is due to complete on 11 December.
Logindo has chopped the number of new shares on offer to 127.38 million from 193.28 million previously, it said today without offering any explanation.
Shares will be priced at the bottom of the anticipated range of IDR 2,800 to IDR 3,700 apiece.
Logindo
