Setting Initial Price Of RCCC Shares, Utama Radar Cahaya To Receive IDR 20.25 Billion For IPO On August 2

Photo: Radar Cahaya Main stock offering document

JAKARTA - PT Utama Radar Cahaya Tbk has completed the initial offering period to obtain the initial share price of RCCC. This heavy transportation service provider company released 150 million shares or 20 percent of the issued and fully paid capital.

In the Radar Main offering document contained in e-ipo.co.id, Wednesday 27 July, the company offered the RCCC share price of IDR 135. That is, that number is in the middle of the price range offered from IDR 110 to IDR 150.

With the initial pricing, Utama Radar will earn IDR 20.25 billion.

From the proceeds from this IPO, Utama Radar allocated 75.17 percent for the purchase of used truck vehicles consisting of 3 units of Isuzu loss trailers, 12 Hino loss trailers, 2 Hino dump trucks, 3 Hino loss trailers. units, 2 units of Hino tank trailers and 5 units of Isuzu tank trailers.

In addition, 9.22 percent for working capital. Then 7.59 percent for the purchase of spare parts and 2.99 percent for payment of parking installments for two years.

The company also allocated 2.2 percent for the transfer fee for 27 truck fleets, 1.7 percent for the construction of parking support facilities, 0.37 percent for the purchase of GPS equipment for 27 trucks, and 0.76 percent for TLO insurance payments.

In this initial public offering, the company appointed PT Elit Sukses Sekuritas as the underwriter for the issuance of securities.

For information, the planned initial public offering of RCCC shares has received an effective permit on July 25. Furthermore, the company will start the public offering period today until 29 July

After that, RCCC shares will be listed on the Indonesia Stock Exchange (IDX) on August 2.