JAKARTA - Funds of Initial Public Offering (IPO) of PT Trisula Textile Industries Tbk (BELL) left Rp 12.13 billion of the total IPO fund of Rp 45 billion held on September 25, 2017. IPO funds of around 73% or Rp 29.86 billion were distributed to buy machines and working capital.
Nurwulan Kusumawati, Finance Director of PT Trisula Textile Industries Tbk (BELL) said that the funds are kept in PT Bank Central Asia Tbk (BBCA) as deposits and demand deposits. "As much as Rp. 12 billion as time deposits with an interest rate of 4.5% per year and Rp. 138 million as demand deposits with an interest rate of 0.5% per year," she said as quoted from the information disclosed by the company.
According to the data, the company spent Rp. 17.78 billion of the allocation target of Rp. 29.86 billion for machinery, which consisted of buying 12 units of waving machines which were due in 2018 totaling Rp. 11.37 billion, one unit of boiler flow as much as Rp. 5.37 billion, and one stenter unit of Rp. 1 billion. While the working capital allocation is Rp. 12.20 billion, Rp. 12.14 billion has been realised and used to buy raw materials, chemicals, spare parts, general admin costs etc. (LK)