JAKARTA (Yosefardi) – PT Graha Layar Prima, owner of movie theater chain Blitz Megaplex, kicks off its 140 million shares offering through the initial public offering (IPO) this morning, representing 46.11% of its total issued and paid-up shares capital.
The book building starts today (March 17) until March 20, 2014 while the offering is scheduled for April 2-4, 2014. Listing at stock exchange is set for April 11, 2014.
PT Indo Premier Securities acts as underwriter for the IPO. As of September 2013, Graha Layar Prima’s assets totaled Rp623 billion while liability amounted Rp583 billion.
The company will use IPO proceeds to fund its business development and capital  expenditure.
It plans to open 7 new cinema studios, partnered with IT consulting company from Korea. Currently Blitzmegaplex has 10 outlets with 90–100 screens.