After The IPO, Dharma Polimetal, A Company Owned By TP Rachmat Conglomerate, Is Optimistic That Sales In 2022 Will Increase By 20 Percent

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Dharma Polimetal Tbk, a company from the Triputra Group owned by conglomerate TP Rachmat which is engaged in the automotive component business for motorcycles and cars, is optimistic that next year's sales will increase by 20 percent. This is in line with the company's plan to conduct an initial public offering of shares at the end of 2021.

The plan is that the issuer that will use the DRMA stock code will issue new shares of around 15 percent of the total paid-up capital at the time of the Initial Public Offering (IPO), or as many as 705,882,300 shares with an offering price range of Rp500 to Rp620 per share. . Through the initial public offering, DRMA will generate funds of around IDR 352.9 billion to IDR 437.6 billion.

The President Director of DRMA, Irianto Santoso, stated that his party is optimistic that next year's sales will increase by 20 percent because the automotive sector begins to show positive growth towards the end of the year.

"In addition to being supported by targeted funds from the IPO activity, we hope to be able to achieve better performance in the coming year. This moment also allows the Company to continue to strengthen its R&D and Engineering capabilities and increase the production capacity of automotive component products in line with the rise of the national automotive sector this year. and prospects for the growth of new products that will continue to increase in the future," said Irianto in Jakarta, Monday, November 22.

As for the allocation of IPO funds, DRMA will use 70 percent of it for capital expenditures in the context of the Company's business expansion. Then 25 percent is used to increase capital and ownership of subsidiaries and the rest will be used for working capital needs and other needs.

Along with the Initial Public Offering, the company also held an Employee Stock Allocation (ESA) program of 10 percent or a maximum of 70,588,200 shares.

Meanwhile, CIMB Niaga Sekuritas and Sucor Sekuritas act as underwriters for the issuance of Dharma Polimetal securities. The initial offering period for DRMA's IPO will take place on 19-30 November 2021.

Then the effective statement from the Financial Services Authority is expected to be obtained on December 8, 2021. Meanwhile, the public offering period is scheduled to take place on December 9-15 2021, the allotment date on December 15, 2021, and the distribution of shares electronically on December 16, 2021.

Dharma Polimetal shares will be listed on the Indonesia Stock Exchange on December 17, 2021.