Owners Of Gokana, Raa Cha, Monsieur Spoon, BMK, Platinum And Chopstix Ready To Go To The Stock Exchange, Eyeing IDR 633 Billion

The board of directors of PT Champ Indonesia Tbk. (Didi Kurniawan/VOI)

JAKARTA - PT Champ Resto Indonesia Tbk (Champ), one of the food & beverage companies in the fast casual dining segment that has six restaurant brands including Gokana, Raa Cha and Monsieur Spoon, plans to be listed on the Indonesia Stock Exchange (IDX).

Champ will issue a maximum of 666,666,000 shares or equivalent to 30.0% of the issued and fully paid capital consisting of a maximum of 222,222,000 new shares and a maximum of 444,444,000 old shares.

Champ's President Director, Ali Gunawan Budiman, said that Champ's shares will be offered at a price range of Rp800 - Rp950 per share. Thus, the funds collected from the public are targeted to reach a maximum of Rp. 633 billion, consisting of Rp. 211 billion from the public offering of new shares and Rp. 422 billion from the public offering of old shares.

"We are grateful that Champ is entering the initial milestone of the plan to list its initial shares on the Exchange and will become part of the capital market industry in the country. We are optimistic that this Initial Public Offering (IPO) plan will be welcomed by market players considering that Champ has a value for money concept and scalability for all F&B brands owned. Champ's shares are very prospective in the future along with the improving situation and conditions of the pandemic," said Ali Gunawan Budiman in Jakarta, Thursday, January 13.

Ali further said that this IPO will strengthen Champ's position as one of the largest food & beverage platforms in Indonesia, especially in the fast casual dining segment which has its own trademark with a winning concept that emphasizes value-for-money and scalability.

Meanwhile, the majority of the funds from the new shares from the IPO, around 44 percent will be used to pay debts to bank creditors and shareholders, then around 14 percent will be used for capital expenditures in the form of renovations (fit outs) for both new and existing outlets as well as upgrading the Main Kitchen. , and the rest will be used for working capital in order to support business activities.

To assist the smooth registration process on the Indonesia Stock Exchange, Champ has appointed PT UOB Kay Hian Sekuritas as the Lead Underwriter. Director of Investment Banking at PT UOB Kay Hian Sekuritas, Ronald Lohanata, said that Champ will grow rapidly past pre-pandemic levels in the future.

"After the IPO, we believe Champ will continue to grow rapidly in the future both organically and inorganically. Champ itself has historically grown tremendously from 40 outlets in 2010 to 276 outlets at the end of 2021. This growth is due to the concept of value for money and scalability which is owned by Champ. In addition, Champ also has several well-known F&B brands such as Gokana, Raa Cha and Monsieur Spoon to support growth," said Ronald.

Based on the initial prospectus, the listing of Champ's shares on the Stock Exchange is planned to be carried out on February 7, 2022. The initial offering period or bookbuilding will be conducted on January 12 - 20 2022, the initial public offering period on January 31, 2022 - February 3 2022, and distribution is electronically on February 4, 2022.

"All of these schedules are still flexible and have the potential to change in accordance with the provisions of the Financial Services Authority," concluded Ronald.