JAKARTA - The swallow nest processing company PT Abadi Lestari Indonesia Tbk (RLCO) plans to hold an Initial Public Offering (IPO) in the Indonesian capital market, by setting an initial bid price (book building) of IDR 150-IDR 168 per share.
The company offers a maximum of 625 million shares or equivalent to 20 percent of the issued and paid-up capital after the IPO, so that it has the potential to raise a maximum of Rp105 billion in funds, as stated in the Indonesia Stock Exchange (IDX), Jakarta, quoted by Antara, Monday, November 24.
The RLCO book building period takes place on October 24-26, 2025, the public offering period on December 2-4, 2025, and the allotment period on November 4, 2025. Then, officially it will be listed on the IDX with the stock code RLCO on November 8, 2025.
Regarding the use of IPO funds, all proceeds from the IPO after deducting emission costs will be used by the company, which is around 56.33 percent to fulfill working capital for the plan to purchase raw materials, namely the purchase of swallow's nest.
Then, around 43.67 percent will be deposited with its subsidiary, namely PT Realfood Winta Asia (Realfood) in the form of capital participation, which will be used for the plan to purchase raw materials, namely the purchase of swallow's nest.
The company uses funds obtained from the IPO for working capital considering that the current level of factory utilities is still not optimal. Through additional working capital, the company can increase the operational capacity and productivity of factories, which will ultimately boost revenue growth.
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If the proceeds from the IPO are not sufficient to finance the plan to use these funds, other sources that become alternatives are loans to third parties and / or from the company's internal funds.
In this corporate action in the form of an IPO, acting as the underwriter, namely PT Samuel Sekuritas Indonesia.
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