JAKARTA. PT Berdikari Pondasi Perkasa Tbk (BDKR) will carry out an initial public offering (IPO) of 706.1 million shares on the Indonesia Stock Exchange (IDX).

The number of shares offered is equivalent to 15% of the issued and fully paid capital of BDKR after the IPO. Each share has a nominal value of IDR 100, and will be offered at a price range of IDR 188 to IDR 200 per share.

Assuming an IPO implementation price of IDR 200 per share, BDKR has the potential to reap fresh funds of up to IDR 141.22 billion from the IPO.

In the prospectus that has been released, BDKR plans to use all of the proceeds from the IPO for working capital needs. This includes paying employee salaries and benefits, purchasing project equipment etc.

The initial offering period for BDKR shares is scheduled to take place on 6-10 February 2023. The public offering is expected to take place on 22-27 February 2023, as well as the listing of shares on the IDX on 28 February 2023.

BDKR has appointed PT Semesta Indovest Sekuritas as underwriter. (KR/LM)