JAKARTA (Yosefardi) – PT Binakarya Jaya Abadi Tbk has set its IPO price at between Rp900 to Rp1300 per share, targeting to raise Rp215-310 billion.
The company has on Wednesday (June 10) kicked off its initial public offering (IPO) for 238.15 million shares, representing 35% of its total issued and paid-up shares capital.
The offering is scheduled for June 29, 2015 to July 1, 2015. Listing at stock exchange (IDX) is set for July 8, 2015.
The company is engaged in building & development, investment, industrial, transportation and services. The main shareholders of Binakarya are Budianto Halim (46.81%) and Go Hengky Setiawan (49.59%). PT RHB OSK Securities Indonesia acts as underwriter for the IPO.
Binakarya booked net profit of Rp170 billion in 2014, grew by 10% from Rp85 billion in 2013. Revenue rose 28% to Rp957 billion from previous Rp746 billion. Its assets totaled Rp1.73 trillion while liability amounted Rp1.35 trillion.
Binakarya now has 20 subsidiaries and 19 property projects, located in Bali, Bekasi, Bogor, Bandung, and Bali. Its portfolios include Casablanca East Residence (apartment), Palm Residence Estate, Bekasi Town Square, Pluit Sea View, Gateway Pasteur (Bandung), Swiss-belhotel (Kuta-Bali), Bogor Valley Condotel, and Paradise Mansion.