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| 3 Emiten Baru Listing Serentak Jumat, Cek Detailnya |
Three new issuers will list 8/7/2022 ). The three new issuers are PT Cerestar Indonesia Tbk (TRGU), PT Chemstar Indonesia (CHEM), and PT Arkora Hydro Tbk (ARKO). The three will be the 23rd, 24th and 25th listed companies on the IDX this year.
The three new issuers have held an initial public offering (IPO) of shares on July 4-6, 2022.
Cerestar Indonesia (TRGU) is included in the primary consumer goods sector. Considering that the company is engaged in the wheat flour industry and trade in cereals/grains through its subsidiaries and management consulting services. This new issuer set an IPO price of Rp 210 per share.
TRGU released a total of 1.5 billion or 18.87% of the total paid-up capital after the IPO. The company is targeting funds from this corporate action of Rp 315 billion.
Acting as the implementing guarantor of the securities issuance is PT Semesta Indovest Sekuritas.
The proceeds from this IPO after deducting 46.67% share issuance costs will be used by the Company as a capital injection to the Subsidiary Company, HFM. Around 20% will be used by the Company as a capital injection to its Subsidiary Company, HFM, which will then be used to purchase land in the Gresik Industrial Estate for the construction of warehouse facilities.
The remaining 33.33% will be used by TRGU as a capital deposit to the Subsidiary Company, AGY, which will then be used for business development, namely capital expenditures for the construction of warehouse and packing facilities in the Cilegon area.
Meanwhile, Chemstar Indonesia (CHEM) is in the raw material sector. This is because the company is engaged in the manufacture and trading of chemicals, specializing in the textile industry. The new issuer has set an IPO price of Rp 150 per share.
CHEM released 500 million shares or 29.41% of the issued and fully paid capital after the IPO with a nominal value of Rp 25 per share. The company targets funds from this corporate action to reach Rp 75 billion.
CHEM also simultaneously issued 250 million series I warrants accompanying the company's new shares or as much as 20.83% of the total number of issued and fully paid shares at the time the registration statement for the initial public offering was submitted.
Acting as the implementing guarantor for the issuance of securities is PT NH Korindo Sekuritas Indonesia.
The proceeds obtained from this Initial Public Offering after deducting share issuance costs will be used 27.87% for the purchase of land and buildings which are currently being used by the Company as the Company's factories and offices. The remaining 72.13% will be used for working capital. Meanwhile, the funds obtained by the Company from the exercise of the Series I Warrants, if executed by the warrant holders, will entirely be used for the Company's working capital, namely for the purchase of inventories.
Meanwhile, Arkora Hydro (ARKO) is included in the infrastructure sector. Bearing in mind, the company is engaged in generating electricity through new and renewable energy sources originating from the flow of water (hydropower). The new issuer has set an IPO price of Rp 300 per share.
ARKO released a total of 579.9 million shares or 20% of the total issued and paid-up capital after the IPO with a nominal value of Rp 25 per share. The company targets the funds from this corporate action to reach Rp 173.97 billion.
Acting as underwriters for the issuance of securities are PT Lotus Andalan Sekuritas (affiliated) and PT Mirae Asset Sekuritas Indonesia.
Approximately 63% of the funds raised from the IPO will be used for additional equity participation in subsidiary companies. For example, 54% as additional equity participation in PT Arkora Hydro Sulawesi (AHS). AHS is an indirect subsidiary of the Company which is engaged in mini-hydro power generation, in which the company has invested since 2011.
As much as 29% as additional equity participation in PT Arkora Energi Baru (AEB). AEB is an indirect subsidiary of the company engaged in mini-hydro power generation, in which the company has invested since 2012.
Sendagan by 17% as an additional capital investment in PT Arkora Tenaga Matahari (ATM). ATM is a direct subsidiary of the company engaged in solar power generation, in which the company has invested since 2021.
The remainder will be used to partially repay related loans to ACEI Singapore Holding Private Ltd. The Company has committed to carry out business activities in the field of electricity services that focus on renewable energy .
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