First Debut, Graha Trans (GTRA) Shares Speed ​​Up ARA Directly

Jakarta, Reportase – A company in the field of motorized transportation for general goods, PT Grahaprima Suksesmandiri Tbk (GrahaTrans) has officially listed its shares on the Indonesia Stock Exchange (IDX) through its 28th Initial Public Offering (IPO).

GrahaTrans offers shares to the public of 378,875,000 shares with a nominal value of IDR 100 per share or equivalent to 20% of the issued and fully paid capital after the IPO. The price offered to the public is IDR 150 per share. Thus, the company will reap fresh funds of IDR 56.83 billion.

In its first debut, GTRA shares touched the upper auto rejection level (ARA) or rose 34.67% (52 points) to Rp 202 per share. GTRA shares recorded 1,115 transactions with a volume of 58 thousand lots and a total transaction value of IDR 1.1 billion.

Main Director of Graha Trans, Ronny Senjaya is optimistic that he will be able to achieve sustainable business growth amidst the rapid development of the domestic land transportation service industry.

“The initial listing of GTRA shares on the Indonesia Stock Exchange is an important milestone for Graha Trans’ business growth, as well as for the development of the logistics service industry in the country and the capital market industry,” he said at the Jakarta IDX building, Thursday (30/3).

To smooth this corporate action, management appointed PT UOB Kay Hian Sekuritas as underwriter for the issuance of securities.

The company has recorded 243.43 oversubscribed shares.

Later, IDR 36.8 billion or 64.8% of the proceeds from the IPO after deducting issuance costs will be used as a capital expenditure budget (capex) in the form of buying 38 units of trucks to fulfill requests for additional support units from customers.

While the remaining 35.2% of the IPO funds will be used for GTRA working capital related to the addition of vehicle units in 2023, including but not limited to shipping costs, servicing, buying car tires, employee salaries and buying GPS.

According to him, for companies engaged in the transportation and logistics sector, the number and condition of their fleets are the determining factors that will affect GTRA’s operations. “The increase in the number of truck fleets will be directly proportional to the increase in sales and direct expenses,” he said.

For information, so far the main customer of GrahaTrans is PT Inbisco Niagatama Semesta which is a group entity of PT Mayora Indah Tbk (MYOR). Furthermore, PT Adi Sarana Armada Tbk (ASSA), PT Sicepat Ekspress Indonesia, PT Kurnia Mitra Selaras and PT Global Jet Cargo.

Who owns GrahaTrans?

Citing the prospectus, Ardi Supriyadi and Ronny Senjaya own 6% of GTRA shares. Furthermore, the company’s shares are owned by PT Andika Eka Putra and PT Trimulti Aditana Perkasa. Although these entities own 44% of GTRA shares each, Ardi owns a 1% stake in Trimurti and Ronny owns 1% in Andika Eka Putra.

Meanwhile, the remaining 99% shares in each company are controlled by PT Dwikarya Semesta Investama. However, from this holding company Ardi and Ronny emerged with 50% ownership each.

[Gambas:Video CNBC]