JAKARTA (Yosefardi) – PT Grand Kartech Tbk (KRAH), engaged in manufacturing and assembling industrial machine, made its debut of trading shares at the Indonesia Stock Exchange (IDX) this morning.
The company listed 971.19 million shares at IDX with its IPO price set at Rp275 per share. Then the company’s market capitalization reached Rp267.08 billion. It raised Rp45 billion from IPO proceeds.
Grand Kartech booked net profit of Rp3.28 billion in first 4 months to April of this year on revenues of Rp56.79 billion. In 2012, the company booked net profit of Rp14.67 billion on revenues of Rp243.8 billion. Its assets totaled Rp268.25 billion while liability amounted Rp184.15 billion.