JAKARTA - PT Janu Putera Sejahtera Tbk (AYAM) showed 54% increase a year after entering the stock exchange market on November 30, 2023. This morning (28/11), the stock reportedly stood at IDR 154 per share.

Based on IDNFinancials record today (28/11), AYAM’s stock price has gradually increased since its IPO, in line with its positive performance.

At the end of H1 2024, AYAM posted net profit of IDR 6.54 billion, up from IDR 5.33 billion in the same period in 2023. On Tuesday (26/11), AYAM was closed at IDR 153 per share, rising 53% from its IPO price of IDR 100 per share. This brought the market capitalisation up to IDR 616 billion.

During IPO, AYAM offered 800 million shares or 20% of issued and paid-up capital, raising IDR 80 billion allocated to acquire landbank in Ngawis Village, Gunung Kidul, Yogyakarta, worth IDR 40.63 billion or 53.65% of total IPO proceeds.

Then, another 20.5% or IDR 15.52 billion was set aside for acquiring landbank in Tuksono Village, Yogyakarta. Furthermore, debt payment used up 15.23% of the proceeds, or IDR 11.53 billion, and working capital took up 10.60% or IDR 8.03 billion. (LK/ZH)