Saturday, December 16, 2017

Jasa Armada Indonesia (JAI) sets price of IPO at Rp 380 per share

PT Jasa Armada Indonesia Tbk (IPCM) do the initial public offering, with a price quote Rp 380 per share and will make a debut on stock exchanges tomorrow, 21 Desember.

The IPO pricing of Jasa Armada Indonesia approaching limit left from the price set. Earlier, subsidiary of PT Pelabuhan Indonesia II (Persero) sets price range offer around Rp 325 - Rp 530 per share.

In the official website of PT Kustodian Sentral Efek Indonesia quoted on Saturday (16/12/2017), Jasa Armada Indonesia (JAI) is ready to release 1.21 billion shares. Through the action of the intial public offering (IPO) then potentially fresh funds pocketed JAI worth Rp 461,7 billion.

Other than a price quote that is approaching the lower limit, the number of shares offered by Jasa Armada Indonesia also experienced a decline, from the initial plan as much as 1.74 billion shares or as much as 30% of paid in full for paid-up capital.

The period of the public offer of the Jasa Armada Indonesia shares performed on December 18-19 2017. The guarantor executing emission effects of JAI is PT Danareksa Securities and PT Mandiri Securities.

When encountered recently, President Director of PT Pelabuhan Indonesia II Elvyn G Masassya claim, that the IPO of the company's subsidiary namely Jasa Armada Indonesia experience excess demand nearly 2 times. He was not denied that excess demand due to the price offered is not the right approach.

He claimed, the price offered to the investor enters in the middle price. Elvyn spoke, most requests come from institutional investors rather than retail.

2015
2016
30 June 2017
Assets
501.599
598.370
683.634
Revenue
873.952
827.606
365.454
Equity
286.279
336.734
387.629
Liability
215.320
261.635
296.004
Net income
208.609
117.064
50.894
NB: In million Rupiah