One more company that will enliven the IPO market in the capital market this year is PT Utama Radar Cahaya Tbk (RCCC). Where this prospective logistics issuer offers an initial price of Rp. 110-Rp. 150 in an initial public offering or IPO. This information was conveyed by the company in its prospectus in Jakarta, yesterday. it is said that the company will offer 150 million shares or 20 percent shares in the IPO. The offering price starts from Rp. 110-Rp. 150 so that the company can achieve IPO funds of around Rp. 16.5 billion-Rp. 22.5 billion.
Radar Utama Cahaya is a company engaged in land transportation services, having its address at Gedung STC Senayan, DKI Jakarta. Garage and workshop locations for parking and fleet maintenance are located in Cileungsi, Bogor Regency, West Java. Established in 2012, Utama Radar Cahaya started operational activities in 2014 by operating 4 trucks.
In 2018, the trucks operated became 53 fleets. In 2021, the truck fleet operated by the Company will be 65 and targeted by the end of 2022. Utama Radar Cahaya will operate a fleet of 120 trucks. Over the years, Utama Radar Cahaya has experienced in carrying out various kinds of shipments of goods from various regions in Indonesia as well as helping each customer's needs in distributing goods such as cement (bulk cement), commodities (coal, gypsum, soil, clinker, sand), and logistics (bag cement, big bag cement, sling bag cement, fertilizer, basic necessities). Acting as the implementing guarantor for the issuance of securities in the Main IPO of Radar Cahaya is PT Elit Sukses Sekuritas.
Previously in trading on Friday (8/7) last weekend, three shares of the new issuer PT Cerestar Indonesia Tbk. (TRGU), PT Chemstar Indonesia Tbk. (CHEM) and PT Arkora Hydro Tbk. (ARKO) officially listed its shares on the capital market. The third issuer will be the 23rd, 24th, and 25th company listed on the IDX in 2022. For information, wheat flour producer TRGU is aiming for a maximum of IDR 315 billion through a public offering or IPO. The shares are offered at a price of IDR 210 per share and a maximum of 1.5 billion shares, or 18,885 of the total paid-up capital of the company after the IPO.
Then the issuer engaged in the industry and trading of chemicals for textiles ChemStar Indonesia (CHEM) has carried out an initial public offering on July 4-6, 2022. CHEM noted that the price for subscriber shares in the primary market was Rp. 150 per share. Then the issuer of the new and renewable energy power plant (EBT) PT Arkora Hydro Tbk. (ARKO) targets to obtain funds of up to IDR 173.97 billion from the initial public offering.
