JAKARTA (Yosefardi) – Shares of PT Nusa Raya Cipta Tbk (NRCA), engaged in construction services for commercial building and infrastructure, soared 49% to Rp1,270 per share in trading debut this morning.
At this price, it has market capitalization of Rp3.15 trillion. The company listed 2.48 shares at the Indonesia
Stock Exchange (IDX).
Nusa Raya, subsidiary of property and industrial estate developer PT Surya Semesta Internusa Tbk (SSIA), offered 306.08 million through the initial public offering (IPO), priced at Rp850 per share. It also issued 102.03 million warrants (3 shares for 1 warrant) with exercise price of Rp1,050. The warrant was very actively traded at price of Rp640.
Nusa Raya posted net profit of Rp91.86 billion in 2012 on revenues of Rp2 trillion. In 2011, it booked net profit of Rp45.98 billion on revenues of Rp1.58 trillion.
Its assets totaled Rp835.87 billion as of December 2012 while liability amounted Rp567.73 billion.