Rows of New Issuers in September, Have Big CPO Tycoons!

Jakarta, CNBC Indonesia – Despite the pandemic, many companies have long wanted go-public did not discourage his intention to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).

These companies are optimistic that they will be able to raise funds from investors in the midst of economic conditions that are still in the process of recovery.

Here are 10 issuers that are ready to enliven the stock exchange floor and officially become public issuers this September, based on IDX e-IPO data.

One issuer was officially traded on the IDX on September 1, while two issuers have just completed the IPO offering period and are still waiting for the listing date, while seven other companies are still in the offering period.

Starting from companies owned by wealthy Indonesian tycoons to companies that are included in the business conglomerate of the children of the former President of Indonesia.

The following is a list of 10 companies that are ready to take the floor on the IDX.

1. PT Hasnur Internasional Shipping Tbk (HAIS)

HAIS is a shipping company owned by the late H. Abdussamad Sulaiman, a wealthy businessman from South Kalimantan, currently owns and operates 12 sets of tugboats and barges with various carrying capacities ranging from 7,500 – 10,000 tons. The group ranges from plantations, logistics to the Barito Putera football club.

HAIS shares were listed on September 1, but last Friday (3/9), HAIS shares fell 6.9% at Rp 324/share with a market capitalization of Rp 850 billion. According to IDX data, HAIS shares only rose on the first day, Wednesday (1/9) auto reject rose by 24.67% at Rp 374/share but the next 2 days the ARB fell 2 times.

Sector: Transportation and Logistics
IPO Status: Completed
Offer Period: 23-27 August 2021
IPO Price: IDR 300
Record Date: September 1, 2021
Shares Offered: 5,252,500 Lot
Total IPO Funds: Rp 157.57 billion.

2. PT Geoprima Solusi Tbk(GPSO)
GPSO is a company engaged in the wholesale trade of machinery, equipment and other equipment. Its business activities include air transportation specifically for photo shoots, surveys and mapping to engineering activities and data processing consulting.

Sector: Technology
IPO Status: Completed
Offer Period: 27 August-1 September 2021
IPO Price: IDR 180
Record Date: September 6, 2021
Shares Offered: 1,666,666 Lot
Total IPO Funds: IDR 29.99 billion.

3. PT Indo Oil Perkasa Tbk (OILS)

Established in 2016, PT Indo Oil Perkasa is a coconut based oil producer that focuses on the distribution/export of coconut oil. The official website notes that the company’s products include crude coconut oil, RBD coconut oil and copra meal.

Sektor: Basic Materials
IPO Status: Completed
Offer Period: 31 August-2 September 2021
IPO Price: IDR 270
Record Date: September 6, 2021
Shares Offered: 1,500,000 Lot
Total IPO Funds: Rp 40.50 billion.

4. PT Prima Andalan Mandiri Tbk (MCOL)

MCOL is a new coal mining company with operations in North Kalimantan with a mining concession of 9,240 hectares.

Sector: Energy
IPO Status: Public Offering
Offer Period: 1-3 September 2021
Offer Price: IDR 1,420
Shares Offered: 3,555,600 Lot
Potential Total IPO Funds: Rp 504.89 billion.

5. PT GTS International Tbk (GTSI)

GTSI is a liquefied natural gas (LNG) distribution company owned by Hutomo Mandala Putra or Tommy Suharto, the youngest son of the late former President Suharto. The company is under the umbrella of the Humpuss Group, with the parent company PT Humpuss Intermoda Transport Tbk (HITS).

Sector: Transportation and Logistics
IPO Status: Public Offering
Offer Period: 2-6 September 2021
Offer Price: IDR 100
Shares Offered: 24,000,000 Lot
Potential Total IPO Funds: Rp 240 billion.

NEXT: There are Prospective Issuers with Palm Oil Bosses and The Ning King

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