AYANA Land

May 30, 2017

Subscribe to our newsletter Antonia Timmerman May 30, 2017: &nbsp Property developer Ayana Land is set to raise Rp 300 billion ($22 million) from a planned public offering this year. Also going public, wooden furniture manufacturer Integra Indocabinet will raise about Rp 848 billion ($63.5 million) from the corporate action. Ayana Land Hotel boutique operator Ayana Land has announced that it will divest up to 30 per cent of its enlarged capital through the IPO. If everything goes according to plan, Ayana Land’s shares will be listed on the Indonesian Stock Exchange (IDX) board by July. Jasa Utama Capital Sekuritas will act as bookrunner and underwriter. Ayana Land is the operator of the award-winning AYANA Resort and Spa BALI, a resort located on 90 hectares of cliff-top land above Jimbaran Bay, just 10 kilometers from Bali airport. Ayana Land also owns several properties in Bintaro and Yogyakarta. Integra Indocabinet Wooden furniture manufacturer and retailer Integra Indocabinet will offer 2.69 billion shares (35 per cent of paid capital) at Rp 210 – 315 apiece, the company announced recently. Book building had started last week, while the shares offering is scheduled for 19 – 20th of June, 2017. Bahana Sekuritas, DBS Vickers Sekuritas Indonesia, and BCA Sekuritas are underwriters. If successful, the company hopes to rake in up to Rp 848 billion ($63.5 million), majority of which will be allocated for capital expenditure. The remaining will be used for repaying loans and work capital. A total of 31 companies have announced plans for or conducted an IPO this year, seeking to raise more than Rp 24 trillion ($1.8 billion) in fresh capital. If the number is fully realized, it will double from last year’s performance, which only saw 15 completed IPOs raising Rp 12.1 trillion in total. Also Read: