The new cinemas will be established in Bandung, Yogyakarta, Jakarta, Bogor, Surabaya and Karawang (all on Indonesia's most populous island of Java). Construction should start this year and finish in 2015.

Indo Premier Securities has been appointed as underwriter for the IPO.

Per 30 September 2013, Graha Layar Prima posted net earnings of IDR 228.7 billion (USD $20.1 million), a 40.3 percent increase from the same period in 2012. Total assets increased 73 percent to IDR 623.1 billion (USD $54.7 million) but the company posted a net loss of IDR 3.73 billion (USD $0.3 million) over the same period. Its listing on the stock exchange is scheduled for 11 April 2014.

Up to 17 March 2014, six Indonesian companies have conducted an IPO on the Indonesia Stock Exchange (IDX) so far this year. The IDX targets to welcome a total of 30 new listed companies in 2014. Currently, 489 companies are listed on the IDX.

Bahas