JAKARTA – PT Teknologi Karya Digital Nusa Tbk (TRON) promises dividend distribution ratio of up to 20% of its net profit starting 2024.

During the initial public listing in Indonesia Stock Exchange (IDX) today (8/3), David Santoso, President Director of Teknologi Karya Digital Nusa, claimed that the dividend distribution in 2024 will be taken out of the fiscal year of 2023 that ended on December 31, 2023. “After the initial public offering (IPO), the company plans to distribute dividend by conforming to the decision of the shareholders,” he said.

Until November 2022, TRON scored IDR 84.04 billion of revenue, soaring 216% from IDR 26.59 billion recorded in November 2021. The profit also proliferated 198% year-on-year (yoy) from IDR 4.5 billion to IDR 13.4 billion.

During the IPO period, TRON’s shares were oversubscribed 27.29 times, attracting investors from 34 provinces in Indonesia. Throughout the public offering, this telematic and internet of things (IoT) company issued 750 million shares of IDR 180 each. The IPO value clocked up to IDR 135 bilion.

On top of this, TRON also issued 375 million series I warrants, in which the owner of two new shares is entitled to secure one series I warrant worth IDR 250 each. The total of this warrant offering is IDR 93.7 billion at max, and it will be held from September 8, 2023, to March 7, 2025. (LK/ZH)