JAKARTA - PT Pelayaran Jaya Hidup Baru Tbk (PJHB) officially held its initial list of shares or Initial Public Offering (IPO) in the Indonesian capital market, by obtaining fresh funds worth IDR 158.40 billion.
The proceeds from the IPO will all be used as capital expenditure (capex) for the construction of three new Landing Craft Tank (LCT) vessels.
"We got funds from the IPO, we will fight three units to buy a new ship. Everything is ready, maybe we can start at the end of 2026," said PJHB President Commissioner Hero Gozali in an intercept interview at the IDX Main Hall, Jakarta, quoted by Antara, Thursday, November 6.
The three types of ships that will be built by the company include the LCT P 75m x L 16 m x T 4.8m / 2500 DWT ship worth Rp57 billion, with the shipyard, namely PT Untung Brawijaya Sejahtera.
Then, the LCT P 72m x L16m x T4.8m / 2500 DWT ship worth IDR 53 billion, with the shipyard, namely PT Untung Brawijaya Sejahtera.
Then, the LCT P 72 m x L 16m x T 4.8m / 2500 DWT ship worth IDR 53 billion, with the shipyard, namely PT Adiluhung Saranasegara Indonesia.
The three shipyard companies, previously had no affiliation and had never cooperated with the company in shipbuilding.
Along with the purchase of the three ships, the company targets revenue and net profit to grow 10-20 percent year on year (yoy) next year
The construction of three ships is said to support future business plans, with the entire fleet of ships currently owned utilization being used to the maximum, so there needs to be a new ship.
In the IPO, PJHB offers as many as 480 million shares at a price of Rp330 per share, thus obtaining fresh funds worth Rp158.40 billion.
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At the same time as the IPO, the company also issued 240 million Series I Warrants or 16.6 percent of the total number of issued and fully paid shares at the time of the registration statement in the context of the IPO was delivered.
In this action, acting as the Implementing Underwriter, namely PT Pilarmas Investindo Sekuritas.
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