After IPO, Berdikari Pondasi Perkasa Targets IDR 35.7 Billion Profit In 2023

Illustration of Rupiah (Photo: Doc. Antara)

JAKARTA - PT Berdikari Pondasi Perkasa Tbk (BDKR) targets a profit of IDR 35.7 billion or 10 percent of revenue in 2023.

The target is after the company officially lists its initial shares or IPO on the Indonesia Stock Exchange (IDX).

BDKR Director Tan Franciscus targets revenue to reach IDR 357 billion in 2023. “The profit target is around 10 percent, above the two-digit target,” said Tan Franciscus quoting Antara.

After the Initial Public Offering (IPO), this year it promised to distribute cash dividends to shareholders of a maximum of 30 percent of the company's net profit for the 2023 fiscal year.

Meanwhile, in the IPO, the company offered 706.1 million shares, or 15 percent of the company's issued and paid-up capital, and was offered at an offering price of IDR 200 per share, so it managed to raise funds of IDR 141.22 billion.

Tan Franciscus continued that after deducting the proceeds from the IPO, all or 100 percent of the proceeds would be used for working capital needs, including employee salaries and benefits, purchase of project equipment, direct costs, diesel, oil, and batteries.

Apart from that, also the purchase of spare parts, payment of insurance premiums for heavy equipment and projects, and operational costs.

In the IPO, the company experienced oversubscribing up to 98.33 times the pooling portion, as a positive indicator of the level of investor confidence which reached more than 20,000 investors, both domestic and foreign.

BDKR was founded in 1984 with a specialization in foundation, ground improvement, marine and jetty construction, heavy lift, and crane rental.

Even though it is included in the infrastructure sector category, the company is also involved in various sectors, such as utilities, industrial, oil and gas, mining, and petrochemical.