PT. BATAVIA PROSPERINDO TRANS OFFICIALLY LISTED ON THE INDONESIA STOCK EXCHANGE
PT. BATAVIA PROSPERINDO TRANS OFFICIALLY LISTED ON THE INDONESIA STOCK EXCHANGE

PT. Batavia Prosperindo Trans Tbk officially listed their shares on the Indonesia Stock Exchange (IDX) on 9th July 2018 using the stock code BPTR. BPTR is the 24th company to list its shares on the IDX in 2018.

With PT. Panin Sekuritas Tbk as the underwriter, BPTR issued 400.000.000 new shares (25.81%) at Rp. 100,- per share and raised gross proceeds of Rp. 40 billion. On the first day of its trading, the share rose to level of 70% or at Rp. 170,-.

The company intends to use the net proceeds from this offering to increase the number of vehicle fleets, with the detail of:

  •  50% of the net proceeds will be used to settle the installments of remaining lease payable from August to December 2018 that were leased by third parties.
  •  50% will be allocated to increase the number of vehicle fleets.

In his speech, BPTR President Director, Paulus Handigdo emphasized that the company’s revenue shows promising growth up until our third operating year, from Rp. 6,23 billion in 2015, to Rp. 60,62 billion in 2017. This continuous growth is a result of rapid demand from existing customers as well as the new ones. By going public, BPTR hopes to show Good Corporate Governance and promote transparency and accountability to its investors & stakeholders.