PT Prima Cakrawala Abadi (PCAR.JK) set prices share offer in the process of Initial Public Offering/IPO at Rp 150 per share. It was stated in the announcement published by PT Kustodian Sentral Efek Indonesia (KSEI).
The price is set in the middle price range area designed earlier by the company, i.e. between Rp 145 to Rp 155 per share.
Director of KSEI, He explained, the company's releasing as much as 466 million shares to the public. The time of public offering occurred on December 22, 2017, then the distribution of shares electronically will be performed on December 28.
Meanwhile, the company will lists its shares on the Indonesia Stock Exchange (IDX) on 29 December 2017.
Companies engaged in the field of industrial fishery products (shrimp and crabs) it plans to use 70 percent of the IPO funds for working capital of the company, in which 20 percent are used to buy meat from fishermen and 80 percent are to buy raw materials, payment the company's debt, operating expenses, marketing expenses, and exhibits costs.
Thus, the remaining 30 percent of the IPO fund would used as the financing of investment, among them is to buy new equipment to enhance the efficiency of the production process and the cost of the factory renovations.
From the performance itself, the total revenue of the company until the end of August 2017 surged to 318.63 per cent to Rp 95,49 billion from the same period in 2016 to Rp 22,81 billion.
However, it is not enough to raise the net profit of the company, so the company still recorded a loss of Rp 3,55 billion. The figure was down from previously recorded to reach Rp 6,46 billion.
To date, the company has several factories located in Semarang, Indramayu, and Makassar.
After the IPO, management planned to build new facilities in Rembang, Tuban, Cirebon, Lampung, and Belitung.
|
|
2015
|
2016
|
31 August 2017
|
|
Assets
|
52.764
|
42.637
|
68.012
|
|
Revenue
|
873.952
|
827.606
|
365.454
|
|
Equity
|
(11.611)
|
(22.642)
|
29.871
|
|
Liability
|
84.896
|
66.449
|
95.499
|
|
Net income
|
(17.319)
|
(10.382)
|
(3.551)
|
NB: In million Rupiah
