As expected the offshore vessel owner raised IDR 356.7bn($31.4m) from the sale of 127.38 million shares at IDR 2,800 apiece.
However the total fell short of initial expectations ofaround twice that amount.
Investors can buy stock on the open market from tomorrowmorning.
Following the IPO, Singapore-listed vessel owner PacificRadiance owns a 38.2% stake in the company, down from 49% previously.
Its stake will fall again to 34.3%
