JAKARTA – PT Lavender Bina Cendekia Tbk (BMBL), a company engaged in the education sector, sets the initial public offering (IPO) proceeds target to IDR 52.64 billion. Then, 76% of those, or approximately IDR 40 billion of this corporate action will be used as capital expenditure.

Based on the prospectus quoted Tuesday (10/1), the capital expenditure will be spent on paying instalments of apartment until 2024, acquiring office space, and developing digital learning channel, including a virtual reality (VR) programme, this year.

Meanwhile, the remaining IPO proceeds of 24% will be channelled as working capital, including covering costs of marketing, training, and human resources (HR) development consultancy.

Then, BMBL had offered 280 million shares in IPO from January 3 to 9, 2023, for IDR 188 per share. The number of shares offered in this corporate action is equal to 27.19% of the entire issued and paid-up capital of the company.

As of now, BMBL’s authorized capital is set to IDR 100 billion, while its issued and paid-up capital clocks up to IDR 30 billion. Its shareholders consist of PT Sentra Investa Maksima of 42.17%, PT Ammar Al Amanah of 34.50%, Galih Pandekar of 12.83%, and Aulia Firdaus of 10.50%. (LK/ZH)