Officially IPO, TRON Targets Performance Growth Above 65 Percent

TRON President Director David Santoso. (Photo: Maria Trisnawati/VOI)

JAKARTA - PT Teknologi Karya Digital Nusa Tbk officially took the floor on the Indonesia Stock Exchange with the stock code TRON today, Wednesday, March 8.

TRON President Director David Santoso revealed that his company is targeting growth of more than 65 percent this year after recording its initial shares.

According to him, with the addition of fresh funds from the IPO, TRON is optimistic that this year's achievement will exceed the target of 65 percent.

"The difference is that in the past we grew without the assistance of funds from the IPO, now there is an IPO fund, so we should have been able to expand more," he said when met at the Indonesia Stock Exchange Building, Wednesday, March 8.

Apart from relying on IPO funds, David said TRON has also implemented several strategies to increase growth, namely by prioritizing innovation in the transportation sector, especially in smart cities.

David added, according to the prospectus issued by the company, later the IPO funds obtained will be omitted as much as 30 to 70 percent for additional operational areas located in West Java.

The Company will also develop a system that is in line with the expansion that will begin in stages from the second quarter of 2023.

Transactions to expand operational areas will be carried out with third parties in the second quarter of 2023, while the addition and development of the system will be carried out with third parties in the third quarter of 2023.

Meanwhile, the remaining IPO funds will be used for working capital, consisting of operational costs for smart city development work projects and business solutions providers in transportation aspects in various cities in Indonesia.

Furthermore, for labor costs and the purchase of raw materials for products as well as the development of the distribution segment for product and service sales through the business to business (B2B) and business to consumer (B2C) channels.

One that is currently being planned is a card system for universal unpaired payments to certain and universal banks.

Regarding the expansion of the Nusantara State Capital (IKN), David revealed that his party is indeed collaborating with the intelligence transportation system (ITS) to facilitate transportation at IKN Nusantara.

"IKN is still being built, we haven't arrived there yet. But we are indeed collaborating with ITS to facilitate those there," he concluded.