Flour producer Raja Roti Cemerlang to debut in stock market, offering 291.5 million shares
JAKARTA. PT Raja Roti Cemerlang Tbk (BRRC), a flour producer for bread production, will hold an Initial Public Offering (IPO).
The number of BRRC shares to be offered in the IPO is 291.5 million shares or the equivalent of 30.01% of the total issued and paid-up capital. Each share has a nominal value of IDR 25 and will be offered at a price range of IDR 200 to IDR 210 per share.
Assuming the offering price is at the upper limit of IDR 210 per share, BBRC has the potential to reap fresh funds of up to IDR 61.2 billion from the IPO.
Based on the prospectus submitted, BBRC will allocate all proceeds from the IPO for working capital.
BBRC has appointed PT NH Korindo Sekuritas Indonesia as the underwriter for the securities issuance. The initial offering (bookbuilding) period for shares will take place on 18-20 December 2024. The public offering is scheduled for 3-7 January 2024 and the listing of shares on the Indonesia Stock Exchange (BEI) on 9 January 2024. (KR/LM)
