This Makes Blibli Optimistic And Able To Raup IPO Funds IDR 8.17 Trillion

Photo: Doc. Blibli

JAKARTA - The e-commerce company from the Djarum Group belonging to the Hartono Brothers conglomerate, PT Global Digital Niaga alias Blibli is optimistic that it will raise funds of up to IDR 8.17 trillion from the IPO scheme if investors agree at the highest initial offering price. In fact, based on the prospectus, Blibli.com's balance sheet still lost IDR 2.5 trillion in the current year period in June 2022. Blibli.com losses also swell when compared to the same period last year, which was IDR 1.57 trillion. In terms of revenue, Blibli.com posted IDR 6.7 trillion in the June 2022 period, an increase of 123 percent compared to the same period from last year, IDR 2.9 trillion. CFO Tiket.com Ronald Winardi revealed, with the synergy of Djarum group issuers in the capital market, Ranch Market, and Tiket.com will improve the company's financial performance. Moreover, similar businesses abroad have also managed to record positive investor performance and enthusiasm. "In the future, it will be better. There are many capital businesses that are profitable in open companies which are quite large. We want Indonesia to have the same performance," he said at a press conference in Jakarta, Tuesday, October 18. Ronald explained, looking at the past three to four years, Ranch Market and Tiket.com have the same optimism. Thus, there are great opportunities and market potential through this ecosystem. "With this there are opportunities for customers, there are various ways. There are services, there are goods. From omnichannels are optimistic," he added. According to him, from year to year there will be many improvements stemming from demand growth. "We see that profit is getting better in this process and other facilities can grow sustainably," he said. On the same occasion, Tiket.com CEO George Hendrata said he was optimistic because the market potential in Indonesia is currently very large and will increase in the future. Learning from similar businesses by companies abroad, businesses in the e-commerce sector recorded positive profit growth. According to him, the unique Blibli business model can have promising business prospects. Because, by being used as an ecosystem, it will cut profitable costs starting from the consumer side, distributors, partners that will have a good impact on the company. "These 3 brands are very uniquely integrated. Synergy will lower consumer costs and better consumer services so we believe in the stock exchange," he said.