ULOG: 22 "Official IPO, Satria Antaran Prima shares rose 49.6 percent"

in #ulog3 years ago

sahamvec90.jpg
Img source : vectorstock.com

PT Satria Antaran Prima Tbk (SAPX) officially took the floor on the Indonesia Stock Exchange (IDX) this morning, Wednesday (3/10). The company with the SAP code is the 38th issuer to offer initial shares or initial public offerings (IPOs) at this year's exchange.

SAPX President Director Budiyanto Darmastono said, the IPO was a historic moment as well as the beginning for the company to be fully committed as a company that continues to grow in the future.

"Thank you to the Financial Services Authority (OJK) and the Stock Exchange and all stakeholders who help the company to get IPOs and investors as well. The age of only 4 years is important for the company to go public," he said at the IDX Building.

IDX Director of Corporate Valuation, I Gede Nyoman Yetna hopes that the company can build good relationships with all existing stakeholders.

"This is the 38th company listed on the IDX. This is a special moment for companies from private companies to become public companies. This needs a clear commitment and vision for the company in the future. Hopefully it can continue to innovate," he said.

In this initial listing, the company's shares rose 124 points or 49.6 percent to a level of Rp 374 from the IPO price of Rp 250. SAP shares were traded 1 time with a volume of 1 lot and resulted in a transaction value of Rp 37.4 million.

In this IPO, the company will use 61.5 percent of the IPO funds to repay the company's loan, which is a convertible bond issued in 2016. The company will repay the loan even though it is due in 2021.

Meanwhile, the remaining IPO funds of 38.5 percent will be used by the company for working capital. Until 2019 the company plans to build 1,000 new outlets, most of which will be built in Java. Currently, the company already has 200 outlets spread throughout the province.

In 2018, the company targets revenues of up to Rp 250 billion, with many new customers from e-commerce such as JD.ID and Zalora. The company also targets an increase in revenue greater than the National Online Shopping Day (Harbolnas).

In this corporate action, the company appointed PT RHB Sekuritas Indonesia PT Artha Sekuritas Indonesia, PT KGI Sekuritas Indonesia, PT NH Korindo Sekuritas Indonesia and PT Onix Sekuritas as guarantor of the issuance of securities.

This post was made from https://ulogs.org

Sort:  

Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.

Spam is discouraged by the community, and may result in action from the cheetah bot.

More information and tips on sharing content.

If you believe this comment is in error, please contact us in #disputes on Discord

Good article buddy !

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by robert32 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

You got voted by @curationkiwi thanks to robert32! This bot is managed by Kiwibot and run by Rishi556, you can check both of them out there. To receive maximum rewards, you must be a member of KiwiBot. To receive free upvotes for yourself (even if you are not a member) you can join the KiwiBot Discord linked here and use the command !upvote (post name) in #curationkiwi.

Hey @robert32, Congratulations! Bodzila just upvoted your post with 46.90% power. Keep up the good work!

Delegate your Steem Power to @Bodzila & Earn 80% Weekly returns based on your share. You can cancel delegation of your SP at anytime as the money & power remain in your hands only.

Any queries or required support can be discussed in person. Join our discord channel https://discord.me/SteemBulls

Coin Marketplace

STEEM 1.33
TRX 0.12
JST 0.144
BTC 60424.90
ETH 2149.99
BNB 464.11
SBD 9.31