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.

News Comment

Today's Industry

Major Version Update of its Advanced CAD/CAM Nesting Software

Selasa, 02 Juni 2020 - 17:45 WIB

Hypertherm Announces Release of ProNest 2021

Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, today announced the release of ProNest 2021, a major version update of its advanced CAD/CAM nesting software…

Synopsys Software

Senin, 01 Juni 2020 - 12:00 WIB

Drop The Knife and Back Away from The AppSec Budget

These days, the digital version of water purification is software security testing. Software powers the applications that interact with your internal assets and your customers’ personal and…

Cyber Criminal Who Tweeted a Personal Goal to Hack 5,000 Websites Globally

Jumat, 29 Mei 2020 - 14:00 WIB

The Hacktivist Who Defaced Websites In 40+ Countries

Check Point researchers identify cyber criminal who tweeted a personal goal to hack 5,000 websites globally, which he nearly accomplished by spreading anti-government messages to websites of…

FeedsFloor

Kamis, 28 Mei 2020 - 16:15 WIB

PATA and FeedsFloor Sign Organisational Partnership

The Pacific Asia Travel Association (PATA) is pleased to announce a new organisational partnership with FeedsFloor, a digital platform that enables clients to create and manage various event-related…

Veolia Water Technologies

Kamis, 28 Mei 2020 - 15:45 WIB

Veolia Water Technologies & Urban Utilities to Install Asia Pacific’s First Full-Scale Sidestream Mox Treatment Plant

Veolia Water Technologies and Urban Utilities are working to install Asia Pacific’s first full-scale sidestream ANITA Mox treatment plant this year. A first-of-its-kind in Australia, this…