JAKARTA – PT Transkon Jaya Tbk (TRJA) has realised IDR 73.57 billion or 79% of the total proceeds of its initial public offering (IPO) of IDR 92.52 billion in total.

In the IPO proceeds realisation report issued on Friday (20/1), the management of TRJA claimed that the company has realised IDR 42.88 billion for the down payment for new vehicles and IDR 30.68 billion for the purchase of spare parts, tyres, and machine oil. The realisation for the down payment equals 46% of IPO proceeds, while the spare part purchase takes up 33%.

TRJA initially plans to allocate IDR 64.76 billion or 70% of IPO proceeds for the down payment of new fleets and IDR 27.75 billion or 30% for spare parts. The remainder of IPO proceeds, amounting to IDR 18.95 billion, are deposited in Maybank with an annual interest rate of 3.75%. (LK/ZH)