Kebab Baba Rafi Wants IPO, Seeks IDR 123 Billion Funds In Capital Market

Photo: Doc. Antara

JAKARTA - The Kebab Baba Rafi franchise company, namely PT Sari Kreasi Boga Tbk (RAFI), will conduct an Initial Public Offering (IPO) of 948.09 million new shares. The number of shares, equivalent to 30.31 percent, will be offered at a price of IDR 120-130 per share.

Thus, the company can raise fresh funds of up to IDR 123 billion from corporate action. Quoted from the e-ipo page, Monday, July 18, the company, which is engaged in the sale of raw materials and food and beverage franchises, will hold an initial offering on July 18-22, 2022. Sari Kreasi Boga has appointed Investindo Nusantara securities as the underwriter.

When the IPO plan is completed, the company will enter the non-cyclical consumer stock sector, with the food retail & distributors sub-sector.

Sari Kreasi Boga is a limited liability company currently engaged in the sale of raw materials and food and beverage franchises. The food and beverage franchises owned and controlled by the company are Turkish Kebab Babarafi, Container Kebab by Babarafi, Smokey Kebab, Sueger, Kebab Kitchen, Babarafi Café, Whole Chicken, Jellyta, Raffi Express, and Chicken Pul.

The Company has a business activity to distribute raw materials, both processed and fresh, from providers/suppliers to franchise partners and distributor/stockist partners spread throughout Indonesia. The Company builds a food raw material supply distribution chain to franchise partners who have partnered with the company.

The Company provides both processed and non-processed raw materials (fresh) so that the quality and taste of the food sold by franchise partners are maintained in accordance with standard procedures that have been patented by the company. With the potential of the distribution chain that has been built, the company can develop sales to market shares other than franchise partners.

By 2021, the company has 969 franchise partner outlets spread across major cities in Indonesia such as DKI Jakarta, Bali, Bangka Belitung, Banten, Bengkulu, DIY Yogyakarta, Riau, Jambi, West Java, Central Java, East Java, West Kalimantan, South Kalimantan, Central Kalimantan, East Kalimantan, Lampung, Maluku, West Nusa Tenggara, East Nusa Tenggara, Papua and West Papua.