JAKARTA – The shares of a courier and logistics company, PT Trimuda Nuansa Citra Tbk were listed on the capital market today as the 21st issuer recorded in 2018. The company released 200 million shares or equivalent to 47.43% of the company’s total issued and paid-up capital after the Initial Public Offering (IPO).
The company has set an initial public offering price of IDR 150 per share. Previously, the company offered shares in the range of Rp. 140-Rp. 160. During the public offering period, the shares with the code TNCA were oversubscribed by 12.5 times.
President Director of PT Trimuda Nuansa Citra said Arifin Seman, after this IPO, the company can improve the company’s performance.
“We have prepared several strategies by utilizing these investor funds,” he said at the Indonesia Stock Exchange Building, Jakarta, Thursday (28/6/2018).
On the same occasion, IDX Director of Corporate Valuation Samsul Hidayat said, with so many companies listed in the first semester, this is a signal that more and more companies are experiencing the benefits of an IPO as a way for them to enlarge their company.
“If we pay attention to investors, investors will also pay attention to us. Hopefully Trimuda will be able to give maximum results and provide great value,” he said.
During the initial listing, TNCA shares were stagnant. However, a few seconds later, TNCA’s shares immediately shot up 104 points or 69.33% to a level of IDR 254 from an exercise price of IDR 150. TNCA shares were traded 1 time with a volume of 97 lots and resulted in a transaction value of IDR 2.46 million. From this IPO, the company was able to raise funds of up to IDR 30 billion.
69.68% of the funds obtained or approximately IDR 18.68 billion will be used to pay the purchase price of the land that will be used to set up the warehouse. While the remaining 30.32% is for working capital.
In this celebration, the company appointed Erdikha Elit Sekuritas, Minna Padi Investama, Panin Sekuritas, Philip Sekuritas, Profindo Sekuritas and Shinhan Sekuritas, as underwriters. Meanwhile, Jasa Utama Capital Sekuritas is the underwriter for the issuance of securities.
Source : economy.okezone.com
