Sep 17, 2010

Indofood CBP sets IPO price at Rp5,395

PT Indofood CBP Sukses Makmur Tbk (ICBP), producer of instant noodle and foods seasoning, has determined the IPO price at Rp5,395 per share. Referring to the price, the company enables to snap up IDR6.31 trillion cash from the primary market.
During IPO, Indofood CBP had offered its stocks at Rp4,300-Rp5,500 per share. "Last night Indofood CBP had decided the IPO price at Rp5,395 per share," a source familiar with the matter told Bisnis this morning.
In the IPO, Indofood CBP will release 1,17 billion shares and assisted by four emission underwriters, i.e. PT Kim Eng Securities, PT Credit Suisse Securities Indonesia, PT Deutsche Securities Indonesia, and PT Mandiri Sekuritas.
The IPO’s offering period is scheduled on September 1-16, effective on 24 September, offering period on 26-30 September, allocation on 4 October, shares distribution electronically on 6 October and the latest shares record in Indonesia Stock Exchange (IDX) on 7 October.
Until 30 March 2010, the sales of Indofood CBP has reached Rp4.336 trillion that consist of third party around IDR1.068 trillion and party that have special relation Rp3.276 trillion. 
Cost of goods sold for three months in 2010 has reached Rp400 billion with income exchange Rp23.471 billion.
Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: