Initial Public Offering (IPO) of PT Jasa Armada Indonesia Tbk

By : Yesi Echink And Aldi Firhand A | Monday, December 18 2017 - 20:22 IWST

President Director of PT Jasa Armada Indonesia Tbk Dawam Atmosudiro (right) and Finance and HR Director PT Jasa Armada Indonesia Herman Susilo
President Director of PT Jasa Armada Indonesia Tbk Dawam Atmosudiro (right) and Finance and HR Director PT Jasa Armada Indonesia Herman Susilo

INDUSTRY.co.id - Jakarta - PT Jasa Armada Indonesia Tbk or IPC Marine as the largest vessel guidance and delisting service company in Indonesia held the Initial Offering Period starting on December 18-19, 2017. PT Jasa Armada Indonesia Tbk offers a maximum of 1,215,506,500 shares .

The offering price of shares is at Rp 380 per share. Therefore, the Company targets to reach Rp 461,892,470,000

PT Jasa Armada Indonesia Tbk allocates 90% of IPO proceeds to finance capital expenditure and 10% for working capital. The company plans to increase its fleet for the ship to ship (STS) business segment, channel line and private port.

PT Jasa Armada Indonesia Tbk is the largest and largest shipbuilding company in Indonesia (75 ships), the most experienced (57 years operating since 1960 as the Port PN Division), and the most reliable (serving 25 thousand ships / year with zero accident according to government standard) and most efficient (highest level of profitability in the field).

The prospect of captive market development is very high, where IPC has several projects that are categorized as National Strategic Projects based on President Decision.

The projects include New Priok Port (Kalibaru), Kijing, Sorong, and Cikarang-Bekasi Laut, whose development funds are already available at Rp 22 trillion. In the next five years, IP will have a 2-fold capacity from now.

JAI exclusively conducts guidance and suspension services throughout the IPC area with a 20-year contract.

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