PT Wijaya Karya Bangunan Gedung (WIKA Gedung)(WEGE) subsidiary of PT Wijaya Karya (Persero) Tbk (WIKA), planning on doing an IPO (initial public offering) in October-November 2017. WIKA Gedung is ready to offer as many 40% stake to the public.
PT Wijaya Karya Bangunan Gedung Tbk (WIKA Gedung) was founded on October 24, 2008. The headquarter is located in the WIKA building, 8-10 floor, JL. A di Panjaitan Kav 9, Jakarta, Indonesia, 13340.
The scope of business activities of WIKA Gedung is engaged in the field of industrial construction and engineering services of chartering terms progress patterns as well as turnkey/Build Operate Transfer (BOT), the management and leasing of the building/area integrated commerce, trade and maintenance of the equipment as well as materials of construction and engineering in particular, developers realty, as property investors and industry supporters of the construction of the building.
WIKA Buildings position themselves as 'Total Solution Contractor' and always provide value-added solutions, best service in safety & quality. Currently WIKA Gedung focus on enterprise development through business transformation property towards investment and land concessions.
WIKA will conduct business development through backward integration approach to strengthen the supply chain or core business company (building construction), with the direction of business development include geotechnical solutions and prefab building. This effort made to increase revenues and profits, achieving economies of scale, as well as strengthen the competitiveness of the company long term.
WIKA will conduct business development through backward integration approach to strengthen the supply chain or core business company (building construction), with the direction of business development include geotechnical solutions and prefab building. This effort made to increase revenues and profits, achieving economies of scale, as well as strengthen the competitiveness of the company long term.
WIKA Gedung pointed four guarantors of implementing emissions effect (joint lead underwriter/JLU), namely PT Mandiri securities, PT Bahana securities, PT CIMB Securities Indonesia, and PT Buana Capital Securities.
Based on the material of the IPO plan, schedule initial supply Wika (bookbuilding) on 24 October-7 November 2017. As for the initial public offering on November 22 - 24, and the listing at the Indonesia Stock Exchange (IDX) on November 30, 2017.
WIKA Gedung has complete the bookbuilding range set between Rp 290-456 per share.
The company will allocate 70% of the IPO proceeds to fund investment in the field of property and infrastructure. The remaining 30% for working capital of construction business.
As for the number of new shares issued as much as 2.87 billion units and the funds that would raise amounting to Rp 832.8 billion.
Currently, WIKA Gedung has a number of construction portfolio in the segment of apartments, hotels, malls, offices, airports and hospitals, educational buildings and sports facilities.
Meanwhile, in 2018, WIKA Gedung will increase production capacity to 25 units/projects per day. The capacity will be maintained in 2019 and 2020.
Financial Report
Financial Report
|
|
2015 |
2016 |
31 June 2017 |
|
Assets |
1.231.900 |
1.682.858 |
2.194.925 |
|
Revenue |
1.431.936 |
1.929.458 |
1.305.456 |
|
Equity |
257.144 |
756.248 |
728.628 |
|
Liability |
1.063.121 |
1.383.690 |
1.863.263 |
|
Net income |
108.060 |
143.226 |
105.810 |
NB: In million Rupiah
