Jakarta, CNBC Indonesia – At the beginning of 2024, capital market investors will be treated to eight new issuers that will be listed on the Indonesia Stock Exchange (BEI). Prospective issuers who will conduct an IPO (Initial Public Offering). come from various sectors ranging from the contractor business, energy, mining, food and beverage raw materials industry, to hotels and restaurants.
Then who? Following is CNBC Indonesia’s summary:
1. PT Asri Karya Lestari Tbk (ASLI)
Issuer ASLI operates in the general contracting sector and rental of machines and heavy equipment such as cranes, bore pile machines, excavators and trucks. The company released 1.25 billion shares or the equivalent of 20% of its issued and fully paid capital.
The price offered is around IDR 100-130 per share. So that later the company will receive fresh funds of a maximum of IDR 162.5 billion.
Later, 50.79% of the IPO funds will be used for subsidiary capital and 49.21% for the company’s working capital. The underwriter is NH Korindo Sekuritas with a listing schedule of January 5 2024.
2. PT Citra Nusantara Gemilang Tbk (CGAS)
CGAS is a company that operates in the distribution and trading of natural gas. The company released 531.4 million shares or the equivalent of 30% of the company’s issued and fully paid-up capital.
The price offered by the company is around IDR 284-IDR 338 per share, so that it will get a maximum of IDR 179.6 billion in fresh funds. 90% of the IPO proceeds will be used for the construction of the LNG Station (Natural Gas) and the remaining 10% will be used for the company’s working capital.
Apart from that, CGAS will also issue warrants with a ratio of 2:1. The underwriter for CGAS is Pilarmas Investindo Sekuritas and will be listed on January 8 2024.
3. PT Adhi Kartiko Pratama Tbk (NICE)
NICE is a business that operates in the field of mining nickel laterite ore. The company released 1.2 billion of its existing shares or the equivalent of 20% of its issued and fully paid capital.
The price offered is around IDR 430-IDR 530 per share. So that later the company will receive fresh funds of a maximum of IDR 644.6 billion. However, there is no use of IPO proceeds, because the IPO is a divestment of controlling shares.
The underwriters in this corporate action are KB Valbury Sekuritas, Trimegah Sekuritas Indonesia, and UOB Kay Hian Sekuritas. Meanwhile, the listing schedule is January 9, 2024.
4. PT Samcro Hyosung Adilestari Tbk (ACRO)
ACRO is a company that produces Velcro adhesive and webbing tape for gloves, shoes, blood pressure measuring devices, and even cable ties. The company released 693.8 million shares or the equivalent of 20% of the company’s issued and fully paid-up capital.
The price offered ranges from IDR 103-IDR 108 per share. So that later the issuer will receive a maximum fresh fund of IDR 74.9 billion.
30% of the proceeds from the IPO were used to purchase machinery, 10% to pay debts, 15% to rent warehouses, purchase operational vehicles and warehouse/office equipment in Central Java and East Java, and 45% for the company’s working capital.
Apart from that, ACRO will also issue Warrants with a ratio of 3:1. The underwriter for this corporate action event is UOB Kay Hian Sekuritas and the listing will be scheduled for January 10 2024.
5. PT Multi Spunindo Jaya Tbk (MSJA)
MSJA is a company that operates in the B2B non-woven textile industry by producing non-woven sheet products, which are then used as a raw material for finished products. This company released 882.3 million shares or the equivalent of 15% of the issued and fully paid capital.
The price offered is IDR 250-IDR 350 per share. So that later you will get a maximum of fresh funds of IDR 308.8 billion.
Later, 40% of the IPO funds will be used for capital expenditure to purchase SAP Sheet machines and construction of factory buildings, 30% for the company’s working capital, and 30% for bank debt payments.
The underwriters for this IPO event are BRI Danareksa Sekuritas and Reliance Sekuritas Indonesia. MSJA is scheduled to list on January 10 2024.
6. PT Sinergi Multi Lestarindo Tbk (SMLE)
SMLE is a company that operates in the field of trading special chemicals for food & beverage raw materials, personal care raw materials and industrial chemical raw materials. This company released 465.6 million shares or the equivalent of 20% of its issued and fully paid capital.
The price offered is around Rp. 175-Rp. 190 per share. So you will get a maximum fresh fund of IDR 88.4 billion.
The proceeds from this IPO will be used to purchase a special warehouse for raw materials, develop a Research & Development lab, and work capital to purchase raw materials.
At the same time, SMLE also issued Warrants in a 2:1 ratio.
The underwriter for this corporate action is MNC Sekuritas and the listing will be scheduled for January 10 2024.
7. PT Manggung Polahraya Tbk (MANG)
MANG is a company engaged in building construction services, road infrastructure development, as well as hot mix asphalt and ready mix concrete production facilities. The company released 762.5 million shares or the equivalent of 20% of the issued and fully paid capital.
The price offered is IDR 90-IDR 110 per share, so that later MANG will receive a maximum of IDR 83.9 billion in fresh funds.
Later, the proceeds from the IPO will be used entirely or 100% for the company’s working capital.
At the same time as this IPO, MANG will also issue Warrants with a ratio of 10:3.
The underwriter for this IPO event is Panca Global Sekuritas and the listing will be scheduled for January 11 2024.
8. PT Griptha Putra Persada Tbk (GRPH)
GRPH is a company with businesses in the fields of star hotels, restaurants and MICE. This company will release 200 million shares or the equivalent of 20% of the issued and fully paid capital.
The price offered is around Rp. 100-Rp. 105 per share, so that later the issuer will receive a maximum of Rp. 21 billion in fresh funds.
Around 48.76% of the IPO proceeds will be used to improve hotel facilities, 4.13% for the construction of four outlets and fast food restaurant outlet furniture, 3.36% for rental costs for four outlet locations, and the remainder for the company’s working capital.
The underwriter who will assist with this corporate action is Elit Sukses Securities and will be listed on January 18 2024
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