Plastic manufacturer, PT. Panca Budi Idaman Tbk has set the price of the initial public offering (IPO) which falls on the lower range of prices offered company. Based on broadcast a press release delivered on Tuesday (5/12), the exercise price of the IPO is set at Rp 850 per share. Previously, Panca Budi offers the range of share prices to a new figure of Rp 810 to Rp 1,160 per share.
However, lowering the number of Panca Budi shares recently released to the public of 738.8 million shares or equivalent to 33% to only 375 million new shares or equivalent to 20% of the total paid-in capital and is placed in full. So, Panca Budi aiming for fresh funds amounted to Rp318,75 billion from the IPO.
The time of initial public offering will take place on 6-7 December 2017. Panca Budi shares will be distributed electronically on 12 December 2017. They also predict its stock can be listed on the Stock Exchange Board on 13 December 2017. Bahana securities, BCA securities and CIMB Securities Indonesia will act as managing underwriters in IPO.
Panca Budi will use 70% of the total funds obtained from the initial public offering of it for the purposes of the expansion in the form of the addition of the factory, facility distribution, and machinery. And the rest, that is as much as 30%, will be used as working capital for the purchase of raw materials. As for the first semester in 2017, Panca Budi recorded revenue of Rp 1.6 trillion, up 1.32% year-on-year (yoy). In the meantime, they obtain a profit until Rp 97.7 billion aka grow 24.14% yoy.
|
2015
|
2016
|
30 June 2017
|
Assets
|
921.5
|
1353
|
1382
|
Revenue
|
2787
|
3168
|
1607
|
Equity
|
173
|
791,4
|
886,5
|
Liability
|
748,5
|
561,8
|
496,1
|
Net income
|
14
|
138,4
|
97,7
|
NB: In billion Rupiah