Jakarta –
Producer of the branded alcoholic beverage Cap Tikus 1978, PT Jobubu Aghi Minahasa Tbk officially listed on the Indonesia Stock Exchange (IDX). The company officially floated its shares publicly as it opened for trading today, Friday (6/1/2023) under the stock code BEER.
The following are the facts about the initial public offering (IPO) of Jobubu Needles Minahasa:
1. The share price is fixed at IDR 220
As mentioned in the prospectus, the company sets a share price of Rp 220 per share. The number of shares offered was 800 million shares or up to 20% of the company’s issued and fully paid-up capital following the initial public offering.
With an offered price of IDR 220 per share, the issuer-encoded BEER shares target IDR 176 billion in fresh funds.
2. Point to Rp. 176 billion to build a factory
The company is eyeing Rp 176 billion in funds from the IPO. Of these funds, the company has allocated 5.36% or about Rp. 9.25 billion for capital expenditure in the form of leasehold land located in Jetis village, Tengaran district, Semarang regency, Central Java, with an area of approximately 2 hectares. The purpose of purchasing this land is to build the company’s manufacturing facilities.
Hence, the company allocates 6.23% or approximately IDR 10.74 billion to build manufacturing facilities including industrial buildings, infrastructure, raw material warehouses and finished products warehouses on the land to be purchased. This cost does not include the purchase of production machines.
Additionally, the remainder will be used for working capital to support the company’s business activities, including but not limited to the purchase of raw materials.
“In the event that the amount of proceeds from the initial public offering is insufficient to implement the above plan, the company will use the company’s internal liquidity and/or use external financing obtained from banks and/or financial institutions and/or other sources,” the company wrote. in the prospectus.
3. Don’t just make stamps for mice
The prospectus explains that the Indonesian government prohibits the issuance of new licenses for the production of alcoholic beverages. Therefore, the permits owned by the company are rights that have a high economic value.
The major permit holders only have permits for Class A production. Meanwhile, the company has permits to produce full spectrum alcoholic beverages for all classes, namely Class A, Group B and Class C.
The company is the permit holder with the second largest production capacity in Indonesia. This is because the highest capacity permit holder can only produce alcoholic beverages up to 5% (Class A). The Company is the company that holds the highest capacity license when viewed across the entire spectrum of alcoholic beverages (0-55% ABV: Groups A, B and C).
Mentioned, the company has 3 product categories. The three products are Cap Tikus 1978, Daebak Soju and Daebak Spark.
“The first and second products are legendary products in their respective categories. The third product (Daebak Spark) is a revolutionary product which has just been launched by the Company,” the company wrote in its prospectus.
(acd/il)
