On The IDX Today, Tera Data Indonusa Receives IDR 145.617 Billion IPO Funds

JAKARTA - PT Tera Data Indonusa Tbk is officially listed on the Indonesia Stock Exchange (IDX) today, Wednesday, July 20. This company which is engaged in the wholesale trading of computers and computer equipment uses the AXIO stock code in its stock trading.

AXIO's President Director, Michael Sugiarto, said that in the Initial Public Offering (IPO), AXIO released a total of 1.040.126.500 shares to the public with a nominal value of IDR 25 per share.

The amount of shares offered is equivalent to 17.81 percent of the issued and fully paid capital. In this IPO celebration, AXIO received fresh funds of IDR 145.617 billion. That means the IPO price of this Axioo brand laptop manufacturer is IDR 140 per share.

"Investors are very enthusiastic in welcoming AXIO shares. This can be seen from the high interest during the offering period, so that they are oversubscribed or oversubscribed as much as 78 times," said Michael in a press release.

Michael said, in modern times like now, of course, the use of technology and the internet has become a part of people's daily lives in general. Advances in technology can be enjoyed by adults to small children and the dissemination of information has become very easy in this day and age. Simply by using internet technology, information can be spread and accessed by anyone in any part of the world.

"Today, the use of Information and Communication Technology (ICT) in industry has become a must if you want to develop. The ICT industry is the industry of choice for investors to invest," he said.

Michael added, as one of the leading IT companies in Indonesia with a superior laptop brand, Axioo, is observing the condition of the need for competent young talent in Indonesia. This program is a qualified forum for students who want to hone their skills to become a technopreneur.

The role of technology in everyday life cannot be separated. As one of the companies engaged in technology, AXIO continues to strive to bring real action to students.

The Company has excellent financial performance and industry potential, along with AXIO's very bright business prospects with Bridging the world technology gap through Innovative-Yet-Affordable (IYA) solutions.

AXIO also has a strategy that prioritizes long-term business sustainability and a strategy to meet customer satisfaction. "Our company is vertically integrated where the roles from the principal to the Master Dealer (or Sub-Distributor) are carried out by one entity," said Michael.

AXIO has several advantages, among which the company can adapt quickly to create profitable products that are in line with market demand. With the distribution competence that is already owned, the company can distribute priority products quickly and evenly.

"We can make more informed decisions and we can maneuver faster than competitors because everything is done by one entity. We have established business relationships for decades with strategic dealers in each area and we have direct relationships between owners and owners," he said.

According to Michael, AXIO is the company that is most prepared to comply with the provisions of the Domestic Component Level (TKDN) and Company Benefit Weight (BMP) in accordance with Government policies.

In 2021, the Government of the Republic of Indonesia will make a policy through Presidential Decree No. 12/2021, which requires that every procurement in the Ministry/Institution/Regional Apparatus prioritizes domestic products that must meet the TKDN and BMP standards.

According to this regulation, according to Michael, AXIO has products with a total TKDN and BMP figures exceeding 50 percent.

"With the achievement of TKDN and BMP figures exceeding 50 percent, AXIO is the choice of procurement for government agencies and state-owned enterprises in Indonesia," he explained.

Michael said that around 90 percent of the proceeds from the IPO shares will be used for working capital (Working Capital) to support the Company's sales increase in the form of purchasing raw materials for components and spare parts for the Company's products which include LCD, motherboard, SSD, RAM and other.

In addition, it will be used to finance trade receivables, improve the quality of Human Capital Development through development through internal and external training as well as distribution channel development through marketing personnel and expansion of service center coverage in the company's marketing area.

The remaining 10 percent will be used for capital expenditures (Capital Expenditure), among others, for the expansion of the warehouse and production areas located at the Company's current factory and the purchase of production support equipment in the form of conveyor lines, forklifts, racking management, and machines in the form of Surface Mounting Technology (SMT). for the purposes of motherboard production and development support tools in the form of a production test kit (Quality Control Kit). To meet the increase in demand and sales volume in 2022 and in the future as well as to increase efficiency and optimize the Company's production process.

In terms of performance, AXIO shows good financial performance and consistently positive growth. This is reflected in the income statement. In its 2021 annual performance, AXIO managed to record an increase in gross profit of 400 percent to IDR 264 billion. As a result, net profit for the year managed to increase by 1,056 percent YoY to IDR 135 billion.

In 2020 and 2021, there will be an increase in demand for Information Technology (IT) products, especially notebooks and laptops. This condition has also increased AXIO's notebook and laptop business in Indonesia due to the new normal, the impact of Covid-19.

For the period December 31, 2021, the growth ratio and profitability ratio recorded positive performance, including revenue, Net Profit Margin (NPM) to Return on Assets (ROA) and Return on Equity (ROE), along with a very healthy solvency ratio. This can be seen in the Debt to Assets (DAR) of only 0.62x. This reflects that AXIO has a healthy performance.

In full year performance from 2019, 2020 to 2021, AXIO has consistently posted an increase in revenue and growing sales performance.

In this share PUP event, AXIO appointed PT CIMB Niaga Sekuritas and PT BNI Sekuritas as the Underwriting Underwriters. AXIO has obtained an effective permit from the Financial Services Authority (OJK) on July 13, 2022.