Tag: IPO

Corporate Actions

MNC Studios International (MSIN), subsidiary of Global Mediacom (BMTR), listed and traded its shares on Jakarta Stock Exchange (IDX) on Friday last week (June 8), but it only gained 5% to Rp525 per share as the whole market sentiment did not support.

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IPO to Watch: Surya Pertiwi

Surya Pertiwi, subsidiary of Surya Toto Indonesia (TOTO) has kicked off its initial public offering (IPO) for 700 million shares, representing 25.92% of its total issued and paid-up capital. The book building will start in April 16, 2018 and last to April 24, 2018. The offering is scheduled for May 4-8, 2018 while listing on Indonesia Stock Exchange (IDX) is set for May 14, 2018. Acting as underwriter is PT Ciptadana Sekuritas Asia.

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Update on IPOs

Tridomain Performance Materials, a company with its roots in Singapore, is planning to release 40% of its total share capital through initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Sinarmas Sekuritas has been appointed as underwriter.

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IPO to Watch: Borneo Olah Sarana Sukses

PT Borneo Olah Sarana Sukses (BOSS), a small coal producer, has this morning kicked off its initial public offering (IPO) for 400 million shares, representing 28.57% of its total issued and paid-up capital. The pre offering or book building is set for Jan 24-26, 2018 and the offering is scheduled for Feb 9-13, 2018. Listing on the Indonesia Stock Exchange (IDX) is expected for Feb 21, 2018. PT Victoria Sekuritas Indonesia acts as underwriter for this IPO.

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IPO Update: Kelola Mina Laut

PT Kelola Mina Laut (KML) Group, engaging in integrated seafood industry, plans to launch an initial public offering (IPO). The Company based in Gresik (East Java) aims to expand its business. It has assets of over Rp1 trillion with 56 processing plants operating across the country. KML Group is one the main players in fish processing and trading in East Java. KML Group will become peer of Sekar Bumi Group already listed seafood manufacturer.

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Campina Ice Cream Gains 132%, Overshoot?

Shares of ice cream producer PT Campina Ice Cream Industry (CAMP) Tbk advanced further to Rp765 this morning. That means the stock already gained 132% from its initial public offering (IPO) price few days ago. At the last quoted price, Campina has market capitalization of Rp4.5 trillion, more than five times its enlarged equity. That much?

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Market & IPO

Investors opted to sell local stocks on Thursday (Dec 7) amid concern over the tightening of liquidity, due to higher rates of Fed Fund and other advanced countries. The higher rates would boost debt burden for creditors in Asia and Pacific region.

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Revisiting PTPN 3

PTPN 3, which is now a holding company for state-owned plantations, revives its plan to launch the initial public offering (IPO) of its unit, PTPN 4, in 2018. Earlier, The Company has targeted to raise Rp1.8 trillion from IPO. Current market condition, and expected market improvement next year, would support PTPN IV to gain more funds through IPO.

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