JAKARTA. PT Sinar Eka Selaras Tbk (ERAL) or widely known as Erajaya Active Lifestyle (EAL), announces several plans that will be carried out after the initial public offering (IPO), starting from outlet expansion to dividend distribution for shareholders.

As informed by IDNFinancials before, ERAL issues 20% of its shares to the public, potentially raising IDR 425.38 billion of fresh funds. Then, 37% of the IPO proceeds will be allocated for existing business expansion, while another 13.75% is for new business expansion, leaving the remaining 49.25% for its working capital.

Djohan Susanto, President Director of ERAL, said that as of now, the company aims to open 500 outlets in the next couple of years. “Thus, ERAL will become a leading active lifestyle company in Indonesia,” he added during the press conference today (18/7).

In addition, Susanto also reveals the company’s commitment in distributing dividend of up to 30% of the 2024 net profit. This commitment, he said, is based on the company’s current solid business potential. “We hope there will be dividend distribution, and our performance becomes positive,” he stated.

As of now, ERAL has top brands of active lifestyle, Internet of Things (IoT), and smart home products, as well as lifestyle devices in its portfolio. The company also represents several globally renowned brands, such as Apple, DJI, Garmin, Samsung, Sony, and Xiaomi.

Until March 2023, the company has operated over 70 outlets under retail brands such as Urban Republic, Garmin Brand Store, DJI Experience Store, JD Sports, ASICS, etc. All those outlets are located in various regions. (KR/ZH)