PT Emdeki Utama, producing calcium, plans to launch the initial public offering (IPO) and targets to list on the Indonesia Stock Exchange (IDX) in September this year. It wants to offer 500 million shares, or 25% of total issued and paid-up shares capital, priced at Rp590-800 per share, to raise total proceeds of Rp295 billion to Rp400 billion. Yuanta Sekuritas Indonesia acts as underwriter for this IPO. Emdeki expects to book revenues of Rp700 billion in 2019 after its two-unit downstream plants commenced operation. In 2016, it booked net profit of Rp87 billion on sales and revenues of Rp340 billion. For this year, the Company targets to book net profit of Rp101 billion and revenues of Rp450 billion.
