Through the IPO, Charnic Capital offered 651.2 million shares to the public, equivalent to 30.72 percent of the company's total share base. Underwriter for the corporate move was Erdhika Elit Sekuritas.

Around 60 percent of the IPO proceeds will be used for Charnic Capital's investment activities, including purchasing stakes in public companies through the Indonesia Stock Exchange as well as in non-public companies. Meanwhile, 30 percent will be directed to the company's property investment budget. Charnic Capital plans to acquire property in the Sudirman Central Business District (SCBD) in South Jakarta. The remaining 10 percent is set to be used for working capital.

Charnic Capital is an investment holding company with a portfolio that consists of prime property and stakes in listed and non-listed companies in Indonesia.

So far in 2018 nine companies were added to the Indonesia Stock Exchange: telecommunication construction services company LCK Global Kedaton, coal miner Borneo Olah Sarana Sukses, helicopter transportation services company Jaya Trishindo, solar panel manufacturer Sky Energy Indonesia, trade, transportation and logistics services provider Indah Prakasa Sentosa, telecommunication support services company Gihon Telekomunikasi Indonesia, chemical manufacturing company Tridomain Performance Materials, property developer Dafam Property Indonesia, and investment company Charnic Capital.

Last Update: 16 Aug 2018
IPOs on the Indonesia Stock Exchange up to 02 May 2018
CompanyP: 16 Aug 2018P: 15 Aug 2018Gain/LossP/E ttmYield %Gain/Loss YTD
LCK Global KedatonLCKM330338-2.37%N/A0.00%5.77%
Borneo Olah Sarana SuksesBOSS2,2502,260-0.44%N/A0.00%275.00%
Jaya TrishindoHELI103104-0.96%N/A0.00%-44.92%
Sky Energy IndonesiaJSKY885925-4.32%N/A0.00%47.50%
Indah Prakasa Sentosa Tbk.INPS2,0602,0600.00%N/A0.00%397.58%
Gihon Telekomunikasi Indonesia Tbk.GHON1,0001,0000.00%N/A0.00%-43.02%
Tridomain Performance Materials Tbk.TDPM330334-1.20%N/A0.00%-3.51%
Dafam Property Indonesia Tbk.DFAM1,0951,0950.00%N/A0.00%461.54%
Charnic Capital Tbk.NICK1371351.48%N/A0.00%-59.71%
Combined Total8,1908,251-0.74%72.60%

Green colour indicates upward movement Red colour indicates downward movement P = price; E = earnings; D = dividend; Yield = D/P "N/A" indicates P/E < 0 (negative earnings) "-" indicates E,D,P or YTD is not available

Discuss