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ntegrated IT company Anabatic Technologies is set to go public this month by offering 30 percent of its enlarged capital in an initial public offering (IPO) to fund the company'€™s expansion.

Anabatic, in a prospectus published on Thursday, said that the company would float 6.43 million of shares later this year, with a book-building period slated to take place in between June 5 and June 16. The public offering period will be from June 29 to July 1 and allotment of shares will take place on July 2.

The company has appointed state-run Bahana Securities as underwriter for the IPO.

Anabatic has yet to announce how much the shares will be priced at, but the company '€” according to the prospectus '€” will spend 60 percent of its IPO proceeds to develop its IT business, such as financial reporting software for companies, mobile banking and credit approval solutions.

The company will also use its allocated expansion funds to open new branches in other countries in Southeast Asia, such as Vietnam, Malaysia or Thailand.

The remaining 40 percent will be equally split for refinancing and working capital.

Anabatic pocketed Rp 2.57 trillion of revenue in 2014, up slightly from Rp 2.48 trillion a year before. Its net profits, meanwhile, nearly doubled from Rp 38.16 billion in 2013 to Rp 60.38 billion last year.

Anabatic'€™s total assets as of December were Rp 1.97 trillion, with Rp 406.13 billion of equity and Rp 1.56 billion of liabilities.

Anabatic is 50.26 percent owned by Artha Investama Jaya, while its founder and chairman Handoko Anindya Tanuadji holds 17.89 percent of the shares.