After Indica Energy (Read Review) and Gozco Planatation (Read Review), its now the turn of Bumi Serpong Damai IPO.
As per the news on JP,PT Bumi Serpong Damai (BSD), which has the honours of developing the popular satellite city complex west of Jakarta, will sell shares in an IPO.
What is the expected size of Bumi Serpong Damai IPO?
The Bumi Serpong Damai IPO is expected to raise around Rp 872 billion (US$94.42 million).
How many shares will be sold through the Bumi Serpong Damai IPO?
A total of 1.09 billion shares would be sold through the Bumi Serpong Damai IPO.
What is the price range of Bumi Serpong Damai IPO?
The Bumi Serpong Damai IPO shares will be priced in the price band of Rp 388 to Rp 800 per share.
What are the subscription dates of the Bumi Serpong Damai IPO?
The Bumi Serpong Damai IPO applications will be accepted between May 28 and 30.
Where will the Bumi Serpong Damai IPO proceeds be used?
About 30 percent of the capital raised will be allocated to developing infrastructure in the city, such as roads, water treatment facilities and electricity and phone networks
He said another 25 percent of the proceeds would be used to refinance the company's Rp 600 billion bonds, 20 percent for financing the expansion of property projects, 20 percent for buying land and the remaining 5 percent for capital.
Who are the underwriters of the Bumi Serpong Damai IPO?
PT Sinarmas Sekuritas, PT CLSA Indonesia and PT Nusadana Capital.
What are the financial results and business valuations of the Bumi Serpong Damai company?
By the end of April BSD had recorded Rp 954 billion in revenue this year.
BSD City is located on 5,920 hectares of land about 20 kilometers west of Jakarta. The company plans to build 80 housing clusters, seven community centers and an integrated commercial area on the site.
Currently there are 4,100 commercial outlets and 20,600 homes with 100,000 residents in BSD.
| The company is winding up the second phase of 2,000 hectares of land development begun in February last year Let’s see how this IPO performs once its lists on the stock exchanges. | Table of Contents |
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