JAKARTA – PT Global Sukses Digital Tbk (DOSS) reveals its expansion plan after recently securing its spot as an issuer listed on Indonesia Stock Exchange (IDX) through its initial public offering (IPO) on Wednesday, August 7, 2024.

The company offered 450 million shares for IDR 135 each, raising total fresh funds of up to IDR 60.75 billion in its debut in the stock exchange.

“As stated in the prospectus, 27.4% of them will be allocated as capex, and 72.6% other as working capital,” said Eddy Yulianto, Director of Finance of DOSS, when met at Press Conference of IPO of DOSS today (7/8).

Furthermore, said allocation is intended for expansion plan of 4 new DOSS outlets, 3 of which will be placed outside Java Island, namely Banjarmasin, Kendari, and Medan. Another new outlet will also be established in Semarang.

It is worth mentioning that DOSS now manages 9 outlets across Indonesia, 4 of which are located in Jakarta. Through additional capital gained in this IPO, its existing outlet in Ratu Plaza, Jakarta, will also be expanded from 1,500 m2 to 3,000 m2 and will be equipped with improved services and products.

“The target for this year is to add 2-3 outlets. Until next year, we expect to manage up to 16 outlets in total,” added Tahir Matulatan, President Director of DOSS.

According to Matulatan, DOSS is also welcoming opportunities to establish new outlets in areas untapped by touch-points of DOSS, including Balikpapan, Manado, and Palembang.

“This touch-point are crucial, as it is a place for us to directly engage more with customers,” added Matulatan.

Then, Yulianto explained that each outlet will take up approximately IDR 3 to 3.5 billion for leasing and renovation. “The allocation is set to IDR 15.5 to 16 billion for the outlets mentioned before,” he added. (ZH)