Cahaya Bumi Rezeki to offer 300 million shares in IPO
JAKARTA. PT Cahaya Bumi Rezeki Tbk (CABR), an agriculture supporting service company, will conduct its initial public offering (IPO) by issuing 300 million shares in Indonesia Stock Exchange (IDX).
The number of shares issued by CABR is equal to 23.08% of its issued and paid-up capital post-IPO. Each share has a face value of IDR 10, and will be offered for a price ranging from IDR 95 to IDR 100 per share.
Assuming that the offering price is set to the upper limit, IDR 100 per share, CABR potentially gains fresh funds of up to IDR 30 billion from IPO.
The book building of CABR had taken place from March 19 to 21, 2024. The public offering is then scheduled on April 2-4, 2024, followed by the listing on the board on April 16.
CABR has appointed PT Shinhan Sekuritas Indonesia as the lead underwriter, and the underwriters, should there be any, will be named in the near future.
As of September 30, 2023, total assets of CABR were recorded at IDR 62.12 billion, while the total equity clocked up to IDR 18.3 billion. The current ratio was seen at 1.19 on September 2023, while the debt-to-equity ratio (DER) was at 0.66. (KR/ZH)