JAKARTA (Yosefardi) – Shares of PT Eka Sari Lorena Transport Tbk (LRNA), a household name for bus transportation, pretty much like Blue Bird for taxi, fell 7.78% to Rp830 per share on its trading debut this morning.
LRNA shares were the mostly traded stocks this early morning trade with over 16.33 million shares exchanged hands.
At this price, it has market capitalization of Rp290 billion. LRNA offered 150 million shares to public, representing 42.86% of its total issued and paid-up shares capital, priced at Rp900 and raised Rp135 billion.
LRNA booked net profit of Rp14.77 billion in first 9 months of 2013 on revenues of Rp120.65 billion. Its assets totaled Rp247.16 billion while liability amounted Rp98.89 billion.