Gozco Plantations IPO: Indonesia

The Indonesian stock markets are witnessing a nice stream of IPO’s. Recently, it was the Adaro IPO (Read Review) which came out with its plans, and now it is another IPO from the Palm Oil Plantations field.

Indonesian palm oil plantation company PT Gozco Plantations is coming out with its plans of initial public offering or IPO.

What is the size of Gozco Plantations IPO?
A total of 1.5 billion shares will be offered for sale through the Gozco Plantations IPO.

What is the price of the Gozco Plantations IPO?
The Gozco Plantations IPO shares are priced at 225 rupiah or USD 0.24 per share.

What percentage of shares are being sold through the Gozco Plantations IPO?
Around 30% of the shares will be sold be Gozco Plantations IPO.

When will the Gozco Plantations IPO open for subscription?
The Gozco Plantations IPO will remain open for subscription from May 8th to May 12th.

When will the Gozco Plantations IPO shares be listed?
The listing of Gozco Plantations IPO shares will be on the Indonesian Stock Exchange on May 15.

What are the business valuations and financial standings of the Gozco Plantations?
As per the news from Forbes, The company owns 13,050 hectares of oil palm plantation in South Sumatra and reserve land of 40,815 hectares.
In 2007, the company posted a net profit of 25.80 billion rupiah on sales of 132.80 billion rupiah.

The company's key shareholders are Wildwood Investment Pte Ltd with 60 percent, Golden Zaga Ltd with 26.2 percent and Wintergreen Investment Ltd with 8.8 percent.
After the IPO, Wildwood's stake will be reduced to 42 percent, Golden Zaga's to 19.8 percent and Wintergreen's to 6.1 percent.

The company has appointed PT CLSA Indonesia and PT Semesta Indovest as underwriters.Let’s see how this IPO performs.

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