What is the expected size of the Adaro IPO?
The company is expecting to sell around a little less than 32% of the shares through its IPO.
When will the Adaro IPO be open for subscription?
The Adaro IPO is expected to open for subscription sometimes in July 2008.
What is the amount of capital to be raised by the Adaro IPO?
The company is planning to raise anywhere between $500 million to $800 million through the Adaro IPO.
Who are the lead underwriters of the issue?
PT Danatma Makmur have been appointed as the lead underwriters of the Adaro IPO issue.
What the business valuations and market standings of Adaro IPO?
Adaro Energy owns PT Adaro Indonesia, also a coal producer.
As per the official site of Adaro, PT Adaro Indonesia operates under a Coal Cooperation Agreement with the Government of Indonesia which gives it the right to mine coal within its Agreement Area in the Tanjung district of South Kalimantan Province until the year 2022 with Rights to extend by mutual agreement are available.
There are three deposits within the Agreement Area which contain total coal resources of approximately 3.0 billion tones of open cut coal characterized by extremely thick seams of up to 50 meters with relatively low overburden.
The coal is exceptionally clean with 0.1% sulphur, 1.5% ash and low nitrogen and has been trademarked internationally as "envirocoal"
Production commenced in 1991 and has increased steadily since that time with sales to both export and domestic markets reaching 34 million tonnes in 2006 making Adaro Indonesia’s largest coal producer from a single mine.
| The demand for energy is ringing, so this IPO from Adaro is expected to have a good listing. Let’s see how this IPO performs. | Table of Contents |
No comments:
Post a Comment