IPO : PT Kobexindo Tractors Tbk
IPO STRUCTURE
Issuer : PT Kobexindo Tractors Tbk. (“The company”)
Offering Size :
* 858,000,000 new ordinary shares (representing 30.00% of the enlarged capital)
* Maximum 10% of IPO Shares (amounting to 85,800,000 shares) will be allocated to Employee through Employee
Stock Allocation (“ESA”).
* Nominal price : Rp100,- per share
* Offering price : Rp380-Rp520,- per share
* Listing : Indonesia Stock Exchange
* Lead underwriters : PT Lautandhana Securindo, PT Mandiri Sekuritas, and PT Valbury Asia Securities (affiliated)
Use of IPO Proceeds :
* 34% of proceeds will be used for capital expenditure related to infrastructure and facilities development;
* 21% of proceeds will be used for loan repayment to Bank DBS and Bank Resona Perdania
* 4% of proceeds will be used by the Company to increase interests in subsidiary
* 41% of proceeds will be used for working capital purposes
Dividend policy : Max. 40% of net income
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