Bayan Resources IPO Indonesia: Finance Trading Times

Bayan Resources IPO Indonesia

Another IPO or initial public offering is set to open in the Indonesian Markets. The IPO belongs to Indonesia's PT Bayan Resources Tbk.
Bayan Resources IPO Indonesia
How many shares will be sold through the Bayan Resources IPO?
A total of 833.3 million shares will be sold through the Bayan Resources IPO. That constitutes 31.6 percent of total capital.

What is the price of the Bayan Resources IPO shares?
The price or price band of the Bayan Resources IPO shares has not been decided at the time of writing this article.

What are the subscription dates of the Bayan Resources IPO?
The Bayan Resources IPO will open for subscription from July 29 to August 1, 2008.

When will the shares of Bayan Resources IPO list on the stock exchange?
The shares of Bayan Resources IPO will start trading on August 8, 2008 on the Indonesian stock exchange.

Where will the capital raised be used by the Bayan Resources IPO?
The Bayan Resources IPO proceeds will be utilized to acquire a floating transfer station, to strengthen its working capital and to expand its coal business.

Related: Kertas Basuki Rachmat IPO, Panorama Destinasi DTN IPO

What are the financial results and business valuations of Bayan Resources IPO?
The company's coal mining sites are mostly located on Kalimantan island.
Bayan's coal output in 2007 reached 4.7 million tons, down from 5.1 million tons in the previous year.
Its sales in 2007 rose to 3.45 trillion rupiah, up from 3.0 trillion in the previous year. In the first three months Bayan's sales reached 772.1 billion rupiah against 912.5 billion in the same quarter last year.
Bayan Resources is owned by individual businessmen -- Dato' Low Tuck Kwong with 75 percent, Jenny Quantero with 15 percent and Engki Wibowo with 10 percent.
Indonesia's PT Bayan Resources Tbk, the country's eighth largest coal producer by output,
It said PT Trimegah Securities Tbk will underwrite the IPO, which is slated for July 29 to August 1.
After the IPO, Kwong's stake will decline to 51.3 percent, Quantero's to 10.3 percent and Wibwo's to 6.8 percent.
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