JAKARTA (Yosefardi) – Financing firm for heavyequipment industry PT Intan Baruprana Finance Tbk, subsidiary of PT Intraco Penta Tbk (INTA) kicks off its initial public offering (IPO) of 1.67 billion shares, representing 40% of its total issued and paid-up shares capital.
PT BNI Securities is underwriter for the IPO. Bookbuilding starts today (November 5) and will last in November 13, 2014. The offering is scheduled for November 26-28, 2014 while listing at stock exchange is set for December 4, 2014.
INTA controls 79.72% of Intan Baruprana, PT Inta Trading holds 10.57%, and Philip Asia Pacific Opportunity Fund Ltd owns 9.7%.
Intan Baruprana booked net profit of Rp33 billion in first half of this year on revenues of Rp199 billion. Its assets totaled Rp2.57 trillion while liability amounted Rp2.14 trillion.