JAKARTA (Yosefardi.biz) – PT Puradelta Lestari Tbk (PDL) has set up its IPO price at Rp210-350 per share, expected to raise Rp2.3-3.7 trillion proceeds.
The company will offer 10.84 billion shares or 20% of total company’s shares throguh the initial public offering (IPO). The bookbuilding started on Monday (May 4) and will last in May 14, 2015. The offering is scheduled for May 21-25, 2015 and listing at stock exchange is set at May 29, 2015.
The IPO priceeds will be used to fund the development of Deltamas project (60%), to fund land clearance in Bekasi, and to support working capital (10%).
PDL booked net profit of Rp964 billion in 2014, compared to Rp941 billion in 2013. Sales declined 15.8% to Rp1.54 trillion from previous Rp1.82 trillion. Its assets reached Rp2 trillion while liability amounted Rp1.21 trillion.