BLES Completed, Hermanto Tanoko Plans to Bring 2 More Companies to IPO
This article is adapted from Bisnis Indonesia
Avia Avian CEO Hermanto Tanoko mentioned that two more companies will be listed on the Indonesia Stock Exchange this year following the successful IPO of PT Superior Prima Sukses Tbk. (BLES).
Hermanto Tanoko explained that currently there are two companies in the pipeline, both scheduled to debut on the Exchange this year.
"This year, two companies, one in education and another in building materials. The education sector is already profitable. I wouldn't enter if it were still losing money," said Hermanto when approached at the Indonesia Stock Exchange building on Monday (8/7/2024).
Furthermore, Hermanto stated that the IPOs would release 15-20% of the companies' shares to the public. Although he did not disclose the targeted fund amount or the assets held by these two companies, Hermanto aimed for the IPOs to take place in the fourth quarter of 2024.
"It's still in the works. We'll see how it goes," he added. Hermanto Tanoko has already brought eight issuers to the Exchange, spanning various industries including building materials, retail, and Packaged Drinking Water (AMDK).
According to Business records, the portfolio of this Surabaya Crazyrich comprises five sectors.
Through the Tancorp Group, Tanoko holds shares in the mineral water company PT Sariguna Primatirta Tbk. (CLEO), which began trading on the Indonesia Stock Exchange on May 5, 2017. According to RTI, PT Tancorp Global Abadi owns a total of 6.69 billion shares or 55.79%.
Next, PT Tancorp Global Sentosa holds 2.53 billion shares or 21.09 percent of all shares. Both control the CLEO mineral water producer.
In addition, the property sector includes PT Jaya Sukses Makmur Sentosa Tbk. (RISE), listed on July 9, 2018. Currently, PT Tancorp Global Sentosa holds 8.78 billion shares or 80.3% and controls RISE.
Then, the building materials industry includes companies such as PT Cahayaputra Asa Keramik Tbk. (CAKK), PT Avia Avian Tbk. (AVIA), and PT Superior Prima Sukses Tbk. (BLES).
PT Tancorp Bangun Indonesia itself controls CAKK, which listed on the Exchange on October 31, 2018, with total ownership reaching 752.6 million shares or 62.54%.
Meanwhile, PT Avia Avian Tbk. (AVIA), which listed on December 8, 2023, offering 6.20 billion shares at Rp930 per share, is held by PT Tancorp Surya Sontosa with 36.60% of shares.
In the retail sector, PT Caturkarda Depo Bangunan Tbk. (DEPO) listed on November 25, 2021. The company specializes in retail building materials. PT Tancorp Surya Sukses holds control with 1.59 billion shares or 23.5% of total outstanding shares.
Additionally, PT Mega Perintis Tbk. (ZONE), a fashion retailer known for the Manzone brand.
This Surabaya Crazy Rich has also listed PT Penta Valent Tbk. (PEVE) on the Exchange in January 2023. PEVE operates as a distributor of pharmaceutical and consumer products.