The IPO price is set at IDR 240 per share. About 85 percent of the funds that are gained through the IPO will be used for business expansion. The remainder is reserved for working capital. The IPO price reflects a price to earnings ratio (P/E ratio) of 13 times, while Indonesia's garment industry has a general P/E ratio of 12.5 times.

Sritex manufactures yarn, greige, fabrics and apparel that are sold to textile producers and retailers in 55 countries. The company owns nine spinning facilities, three dyeing units, three weaving plants, seven garment production units, a printing facility as well as fiber and rayon plantations.

Buyers of Sritex' products include Timberland, JCPenny, Quicksilver, Zara and Sears.

Financial Highlights of Sritex:

    2010   2011   2012
  2,214   2,318   2,851
Gross Profit    382    461    618
Operating Income    271    360    462
Net Income    142    161    229
Total Assets   2,116   2,747   3,554
Total Liabilities   1,409   1,653   2,230

in billion of IDR rupiah
Source: Company Prospectus