RANS will use the Rp161.5 billion IPO fund to hold 16 concerts

PT RANS Entertainment Indonesia Tbk (stock code: RANS) will use the funds from the initial public offering (IPO) of Rp161.5 billion to hold up to 16 concerts gradually in the second half of 2026 to 2028.

The amount is equivalent to 37.61 percent of the total IPO funds, making it the largest allocation of the total funds raised. As stated in the prospectus, various concert events are planned to feature local and international artists that can be held both domestically and abroad.

"According to the prospectus, we will indeed hold several concerts this year and in the next 3 years. So we will indeed do it according to the prospectus," said RANS President Director Nagita Slavina as quoted by ANTARA, Friday, July 10.

However, Nagita said the company remained open to opportunities outside of the plans that had been set out in the prospectus, after considering the cash flow conditions and various other factors as long as they could provide added value for shareholders.

According to him, RANS also does not only want to hold a one-time concert, but to organize a sustainable event.

"What we hope is to create an event that can be sustainable. Like Coachella. But whatever it is, we really want to create something that can be sustainable so that it can add value to the company and will be more sustainable in the future," explained Nagita.

Meanwhile, RANS Chairman Darwin Cyril Noerhadi added that the organization of concerts will continue to be developed by presenting local and international artists.

According to him, Raffi Ahmad and Nagita Slavina's experience in the entertainment industry is an important capital, including in determining market segmentation to the strategy of holding concerts in various regions.

He said the success of the concert business was not only determined by the event's content, but also the company's ability to manage the entire process of implementation from start to finish.

The Company will also continue to evaluate each implementation in line with the rapid development of social media and public response.

"In the next three years, the funds that will be used are for various stages. Say if one stage gives good profitability, there can be 15-16 stages, it will also give great profitability," said Cyril.

In addition to the concert, RANS allocated 19.80 percent of the IPO funds or around Rp85 billion to acquire 51 percent of PT Rans Kosmetika Indonesia (Slavina) shares from Andy Lesmana.

Responding to questions regarding the potential of affiliate transactions, Trimegah Sekuritas Indonesia Director David Agus emphasized that the acquisition was carried out with a third party so that it was not an affiliate transaction.

"Even though it looks like it belongs to Ibu Gigi (Nagita Slavina), the transaction carried out was with a third party. So the shares that will be purchased by RANS Tbk are currently owned by a third party and want to be bought just to be owned by RANS," said David.

This is also stated in the company's prospectus which states that the acquisition of Slavina's shares was carried out on shares owned by Andy Lesmana, who is not an affiliated party with either the issuer or the shareholders and managers of the issuer.

Furthermore, 18.64 percent of the IPO funds or around Rp80 billion will be used to develop the Cipungland play and learning facility.

Based on the prospectus, Cipungland will be developed in nine cities, namely Bogor, Karawang, Bandung, Cirebon, Depok, Tangerang, Tasikmalaya, Purwokerto, and Bekasi.

Meanwhile, 8.15 percent of the IPO funds or around IDR 35 billion will be used by RANS to form a new business entity together with PT Feedloop Global Teknologi which focuses on the development of AI-based technology. Based on the prospectus, the formation of the new entity will be carried out in the second semester of 2026.