InfoSAWIT, JAKARTA - PT Nusantara Sawit Sejahtera Tbk (NSS) planned to get initial public offering (IPO) about Rp 122 to Rp 190 per stock.
President Director of NSS, Teguh Patriawan said that the company would release 3,568 billion of new stock on 2 to 8 March 2023 or representing 15 percent of the capital and given after IPO shares. In the book building on 17 - 22 February 2023, the fresh cash to get would be about Rp 435,32 billion to Rp 677,96 billion.
In the same time with IPO share, the company would publish 1,784 billion waran seri I or about 8,82 percent of the shared issued and paid up when registration statement in IPO were delivered.
Everyone that has two new shares has their rights to get satu waran seri I which means, everyone having satu waran seri I gets his rights to buy one new share about Rp 182 to Rp 285 per share. If they who have satu waran seri I have bought every share, the fund that the company would get is Rp 324,709 billion to Rp 508,473 billion.
As in the official statement of the company, Friday (17/2/2023), Teguh told that the fund from IPO would be about to construct production building, fund new plantations, and work capital of its subsidiary. The fund would also be distributed by equity mechanism to its three subsidiaries, they are, PT Borneo Sawit Perdana (BSP) 42,40 percent, PT Bina Sarana Sawit Utama (BSSU) 47 percent and capital expenditure to do palm oil new planting. After that 10,6 percent – the rests of IPO fund would be used by PT Prasetya Mitra Muda (PMM) for its capital to purchase fertilizers and agricultural chemical materials.
The guarantors of IPO stock exchange would be PT BRI Danareksa Sekuritas, PT Mirae Asset Sekuritas Indonesia, PT Sucor Sekuritas, and PT Samuel Sekuritas Indonesia.
Teguh believed crude palm oil (CPO) industries still have big potential in Indonesia. Per September 2022, NSS successfully got its trade up to Rp 864,31 billion or increased 13,2 percent compared to Rp 763,38 billion in September 2021. The company got profits about Rp 66,07 billion or decreased 56,1 percent from the previous, Rp 56 billion in 2021.
The total asset of the company reached Rp 2,932 trillion per 30 September 2022, or decreased 1,4 percent, from Rp 2,975 trillion in the same period in 2021. (T2)
