JAKARTA (Yosefardi) – Concrete producer and construction firm PT Wijaya Karya Beton Tbk (Wika Beton), subsidiary of state construction firm PT Wijaya Karya Tbk (WIKA) has set its IPO price at Rp590, to raise Rp1.2 trillion in total, Bisnis Indonesia reported this morning.
The company plans to offer 2.04 billion shares through the initial public offering (IPO), representing 23.47% of its total issued and paid-up shares capital. The offering is scheduled for March 26-28, 2014. Listing at stock exchange is set for April 3, 2014.
Acting as underwriters are PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Sucorinvest Central Gani.
Wika Beton booked net profit of Rp241.21 billion in 2013, Rp179.37 billion in 2012, and Rp144.42 billion in 2012. Revenue was Rp2.64 trillion (2013), Rp2.03 trillion, Rp1.63 trillion (2011). Its assets totaled Rp2.92 trillion while liability amounted Rp2.19 trillion.