JAKARTA (Yosefardi) – Shares of PT Indonesia Pondasi Raya Tbk (IDPR) gained 21% to Rp1550 per share at its trading debut this morning with trading volume of 12.68 million shares.
IDPR has offered 303 million shares through the initial public offering (IPO) at price of Rp1280 per share, raising proceeds of Rp387.84 billion. It has listed 2 billion shares at IDX, then market capitalization reaches Rp2.56 trillion.
IDPR engages in construction of foundation, retaining walls, ground improvement, pile test, and others. It booked net profit of Rp122.33 billion in first half of this year on revenue of Rp738 billion.
In 2014, the company booked net profit of Rp180 billion on revenue of Rp1.26 trillion. IDPR’s assets reached Rp1.04 trillion while liability amounted Rp513.48 billion.