Tobacco processing company PT Indonesian Tobacco plans to conduct an initial public offering (IPO) on July 4, 2019. The company will offer 274,060,000 shares or around 29.13% of total issued and paid-up capital. The IPO prices are set at range of Rp180-230 per share, to raising Rp49.33 billion to Rp63 billion in total. PT Phillip Sekuritas Indonesia acts as underwriter for said IPO.
As of December 2018, the company’s total liabilities amounted to Rp149.66 billion, consisting of short-term liabilities worth Rp130.15 billion and long-term liabilities of Rp7.98 billion. It posted net sales of Rp134.52 billion, up 18.65% on an annual basis. While net profit reached Rp8.25 billion, down 4.84% on an annual basis.