PT Envy Technologies Indonesia Tbk (IDX: ENVY), an InfoTech provider company, has announced its initial public presenting (IPO) on July 8. ENVY plans to provide six hundred million (.6 billion) new stocks, or 33% of its multiplied paid-up capital, together with 18 million percentage Employee Stock Allocation (ESA), together with 1, two hundred million (1,2 billion) ordinary stocks ultimately supplied at the secondary marketplace on behalf of Company shareholders.
ENVY plans to sign in 1,800 million (1 eight billion) everyday shares at the Main Board of the Indonesia Stock Exchange (IDX) after the IPO on behalf of the issued and fully paid capital. ENVY estimates it’s going to improve between Rp 240 – Rp 360 billion ($17 – 25 million) in funds, with the proposed share charge of around Rp 350 – Rp 475 per proportion.
Mohd Sopiyan bin Mohd Rashdi, Chief Executive Officer of ENVY, said his business enterprise had effectively provided its ‘mini disclose’ (organization IPO presentation) on the Stock Exchange. The Financial Services Authority (OJK) answered by establishing the subscription period on June 27th, with the new stocks to start trading at the IDX Main Board on Monday, July eighth, 2019.
Toto Sosiawanto, Senior Vice President of PT Erdikha Elit Sekuritas and the problem’s underwriter, said the distribution plan, after discounting IPO charges, let ENVY use 31.Forty% for its machine integration and facts phase, 24.56% for its telecommunication and system integration section, 2.11% for product studies and improvement, and Rp 48 billion to draw down corporation debt with the final balance for operations, well-known costs, and management.
ENVY booked sales of Rp 240 billion ($17 mil) in 2018 with net earnings at Rp eighty,35 billion ($6 mil). This was a sharp increase from earnings to Rp 3,18 billion in 2017, reflecting strong gains in ENVY’s gadget integration and data phase of Rp sixty-eight,28 billion, and once more in its telecommunication integration machine phase to Rp 10.27 billion, an increase of 4,272%, as compared to Rp 240 million the end of 2017.
Our 2019 enterprise method has the Company aiming at strengthening its role as a digital data safety provider. We foresee an exponential development in massive records offerings and virtual offerings for the financial quarter, alongside a reinforced function as a companion to many companies,” Sopiyan stated.
We are optimistic that internet profits will top Rp 102,76 billion this yr. The next 12 months’ goal could be set better, at Rp a hundred and five, forty billion. This year’s revenue forecast stands at Rp 391, forty-six billion, and we expect to reach Rp 545,88 billion in 2022,” brought Sopiyan. ENVY’s put up-IPO shareholdings location 25,50% with Local Companies, 43.52% with Foreign Companies, and 33.33% through the Public.
In the System Integration and Information Segment, ENVY gives the production of a complicated digital records production device service, such as designing and building an adjustable application and afterward integrating it with hardware, software program, and communique device. A few clients using the company’s provider because of 2009 are Cranium Ventures, Plants, PillarTech, Inti, Dinamika Utama Jaya, Teknoglobal, Zamrud Technology, Dgensia, and Goldust.
In the Telecommunication System Integration Segment, ENVY is concerned with setting up hardware within the central network, conversation facts system, and virtual transmission device. Clients who were trusting ENVY because 2015 encompass XL Axiata, Indosat Ooredoo, Telkomsel, Jabartel, and AltoBridge.
In the Digital Cyber Security Business Segment, ENVY offers clients safety carrier devices, such as cyber protection solutions and patron tracking gadgets. Clients who have been trusting ENVY in this area due to the fact 2005 are Astra International, Bank Danamon, Bank CIMB Niaga, Mandiri, Bank Index, JNE, Maybank, Danareksa, Commonwealth, MegaJiwa, and BCA Life.
Schedules of IPO ENVY are as follows:
– Estimation of Initial Offer Period: June 17th till twenty-first 2019
– Estimation of Effective Date: June twenty-seventh
– Estimation of Public Offering Period: July 1st and second 2019.
– Estimation Date of Allotment: July, 4th 2019
– Estimation of Shares Distribution Date Electronically: July, 5th 2019
– Estimation of Errand Refund Date: July eighth, 2019
– Estimation of Recording Date at Indonesia Stock Exchange: July, eighth 2019
PT. Envy Technologies Indonesia, Tbk.
Previously, ENVY becomes PT. Scan Nusantara, set up on September twenty-seventh, 2004. ENVY services in Information Technology Service Segment, Informatics Integration System Segment, and Telecommunication Integration System Segment