Indonesia Stock Exchange: Listing of Bank Agris & Intan Baruprana Finance

Shares of Bank Agris, which focuses on the fishery and agriculture sectors, were up 50 percent after the opening on Monday from IDR 110 to IDR 185 per share. Earlier it had been reported that Bank Agris aims to raise IDR 103.5 billion (USD $8.3 million) by offering 900 million shares, equal to 21.3 percent of the company’s total equity. Indo Premier Securities was appointed as the underwriter for the IPO.

About 30 percent of the proceeds generated through the IPO are to be used for capital expenditure in 2015 (for the establishment of 10 new branches), while the remaining 70 percent are to be allocated to loan disbursements (mostly to chicken, fish and shrimp farmers). Presently, the bank owns 19 branches in the larger cities on Sumatra, Java and Kalimantan.

At the end of September 2014, Bank Agris had IDR 2.3 trillion in loans. The company targets net profit of between IDR 12 and IDR 15 billion by the year-end. Next year, Bank Agris aims to double the net profit figure.

Meanwhile, shares of Intan Baruprana Finance, a financial firm that provides financing for capital goods, transport equipment, as well as other machinery, slightly fell shortly after opening on Monday. The company raised IDR 192.4 billion (USD $15.4 million) through the release of 398.5 million new shares and the divestment of 269.45 million shares. About 25 percent of the proceeds will be used for debt repayments and the remainder for working capital.

Last Update: 29 Mar 2021

IPOs on the Indonesia Stock Exchange up to 22 December 2014

Company	P: 29 Mar 2021	P: 28 Mar 2021	Gain/Loss	P/E ttm	Yield %	Gain/Loss YTD
Bank Panin SyariahPNBS	83	82	1.22%	N/A	0.00%	-4.60%
Asuransi Mitra Maparya Tbk.ASMI	925	930	-0.54%	N/A	0.00%	-6.57%
Bank Ina Perdana Tbk.BINA	1,560	1,550	0.65%	N/A	0.00%	64.21%
Capitol Nusantara Indonesia Tbk.CANI	186	186	0.00%	N/A	0.00%	22.37%
Tunas Alfin Tbk.TALF	310	258	20.16%	N/A	0.00%	13.97%
Bali Towerindo Sentra Tbk.BALI	700	690	1.45%	N/A	0.00%	-6.04%
Wijaya Karya BetonWTON	334	344	-2.91%	N/A	0.00%	-20.85%
Graha Layar PrimaBLTZ	4,600	4,650	-1.08%	N/A	0.00%	53.85%
Intermedia Capital Tbk.MDIA	63	66	-4.55%	N/A	0.00%	3.28%
Eka Sari Lorena TransportLRNA	180	185	-2.70%	N/A	0.00%	1.69%
Link NetLINK	3,240	3,200	1.25%	N/A	0.00%	25.10%
Chitose InternasionalCINT	238	244	-2.46%	N/A	0.00%	-6.30%
Magna Finance Tbk.MGNA	50	50	0.00%	N/A	0.00%	0.00%
Batavia Prosperindo Internasional Tbk.BPII	7,300	7,300	0.00%	N/A	0.00%	-15.12%
Mitrabara AdiperdanaMBAP	2,810	2,800	0.36%	N/A	0.00%	1.08%
Sitara Propertindo Tbk.TARA	50	50	0.00%	N/A	0.00%	0.00%
Bank Dinar Indonesia Tbk.DNAR	196	210	-6.67%	N/A	0.00%	6.52%
Impack Pratama Industri Tbk.IMPC	1,455	1,460	-0.34%	N/A	0.00%	5.82%
Bank Agris Tbk.AGRS	464	498	-6.83%	N/A	0.00%	123.08%
Intan Baruprana Finance Tbk.IBFN	171	180	-5.00%	N/A	0.00%	-40.21%
Combined Total	24,915	24,933	-0.07%			7.29%

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

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