Indonesia next hot spot for IPOs

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Indonesia is poised for heavy IPO activity in 2013 with a significant number of firms seeking to raise capital from an initial  public offering at the Jakarta stock exchange.

Blue Bird Group, Indonesia’s biggest taxi operator, aims to raise around $200 million in an IPO in 2013, when demand for Indonesian equity is seen rebounding from 2012. The Jakarta-based group is looking at a $1 billion valuation for its businesses, which range from taxis to supply-chain management, and has informally discussed the plan with banks, Reuters reported. Blue Bird’s competitor, Express Transindo Utama, the country’s first listed taxi operator, made a stellar debut in early November 2012, after it raised $61 million by selling 49 percent of its stake

PT Pos , the country’s biggest postal service firm, aims to raise up to $156 million via an IPO in 2013 to fund expansion. The state-owned firm has been expanding from its traditional postal business to financial and logistics services as demand for postal services has been declining because of the internet and mobile phones. The government and parliament need to approve the plan.

Wismilak Inti Makmur, a Surabaya-based cigarette maker, is expected to raise $43 million in an IPO. The company plans to spend money on new machines to produce cigarettes. Its production capacity stands at 3 billion cigarettes per year, made both by machines and using hand-rolling methods. The firm aims to boost production to 4.7 billion in the coming years.

Bank Maspion Indonesia plans an IPO early 2013  as it seeks funds to finance its expansion plans. Bank Maspion is the finance unit of Maspion Group, which is controlled by Alim Markus, an Indonesian businessman. Maspion Group is a conglomerate with 39 companies including 16 joint ventures.

Pelayaran Nasional Bina Buana Raya, an Indonesian shipping company, plans to sell shares in IPO in January 2013, as it tries to capitalise on bullish investor sentiment in the local equity market. The company will use 42 per cent from the IPO to help buy two vessels, 51 per cent to repay bonds and the rest to boost working capital, it said in the prospectus.

State-owned cement producer PT Semen Baturaja expects to list its shares on the Indonesia Stock Exchange in February 2013. The IPO proceeds will be used to invest in a new plant in Pabrik Baturaja II, expected to be completed in 2015.

Budget carrier AirAsia Indonesia is also planning to go public in 2013. It wants to use the funds raised to expand its Indonesian network and “increase accountability and transparency”.

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Reading Time: 2 minutes

Indonesia is poised for heavy IPO activity in 2013 with a significant number of firms seeking to raise capital from an initial  public offering at the Jakarta stock exchange.

Reading Time: 2 minutes

Indonesia is poised for heavy IPO activity in 2013 with a significant number of firms seeking to raise capital from an initial  public offering at the Jakarta stock exchange.

Blue Bird Group, Indonesia’s biggest taxi operator, aims to raise around $200 million in an IPO in 2013, when demand for Indonesian equity is seen rebounding from 2012. The Jakarta-based group is looking at a $1 billion valuation for its businesses, which range from taxis to supply-chain management, and has informally discussed the plan with banks, Reuters reported. Blue Bird’s competitor, Express Transindo Utama, the country’s first listed taxi operator, made a stellar debut in early November 2012, after it raised $61 million by selling 49 percent of its stake

PT Pos , the country’s biggest postal service firm, aims to raise up to $156 million via an IPO in 2013 to fund expansion. The state-owned firm has been expanding from its traditional postal business to financial and logistics services as demand for postal services has been declining because of the internet and mobile phones. The government and parliament need to approve the plan.

Wismilak Inti Makmur, a Surabaya-based cigarette maker, is expected to raise $43 million in an IPO. The company plans to spend money on new machines to produce cigarettes. Its production capacity stands at 3 billion cigarettes per year, made both by machines and using hand-rolling methods. The firm aims to boost production to 4.7 billion in the coming years.

Bank Maspion Indonesia plans an IPO early 2013  as it seeks funds to finance its expansion plans. Bank Maspion is the finance unit of Maspion Group, which is controlled by Alim Markus, an Indonesian businessman. Maspion Group is a conglomerate with 39 companies including 16 joint ventures.

Pelayaran Nasional Bina Buana Raya, an Indonesian shipping company, plans to sell shares in IPO in January 2013, as it tries to capitalise on bullish investor sentiment in the local equity market. The company will use 42 per cent from the IPO to help buy two vessels, 51 per cent to repay bonds and the rest to boost working capital, it said in the prospectus.

State-owned cement producer PT Semen Baturaja expects to list its shares on the Indonesia Stock Exchange in February 2013. The IPO proceeds will be used to invest in a new plant in Pabrik Baturaja II, expected to be completed in 2015.

Budget carrier AirAsia Indonesia is also planning to go public in 2013. It wants to use the funds raised to expand its Indonesian network and “increase accountability and transparency”.

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