PT Jasa Armada Indonesia Tbk (IDX:IPCM) or IPC Marine as the largest scouting and tugboat service company in Indonesia, which recently concluded its Rp 380 initial public offering, will make debut on stock exchanges today.
PT Jasa Armada Indonesia Tbk release as many 1,215,506,500 shares. Therefore, the company is targeting funds that will be earned Rp 461,892,470,000.
PT Jasa Armada Indonesia Tbk will allocate 90% of the IPO capital to finance the fund capex (Capital Expenditures) and 10% for working capital. The company is planning to add fleet of business segments for ship to ship (STS), canal line and the private port.
PT Jasa Armada Indonesia Tbk currently operating a fleet of 75 ships. This company is the most experienced (57 years of operation since 1960), the most reliable (serves 25 thousand ships/year with zero accident according to the standard of the Government) and the most efficient (the highest profitability level in their field).
As for the prospects of the development of captive market belongs to very high, where IPC has several projects which are categorized as national strategic projects in Indonesia.
These projects include the port New Priok ( Kalibaru), Kijing, Sorong, and Cikarang-Bekasi Laut, where funds for construction are already available as much Rp 22 trillion. In the next 5 years, IPC will have a capacity of 2 times compared to the current capacity. JAI exclusively carry out scouting services and delays in the whole area of the IPC with the 20-year contract.
