JAKARTA – PT Bukalapak Tbk (BUKA), the Bukalapak e-commerce application managing company, projects its issued and paid-up capital to rise to IDR 5.15 trillion after the extra IDR 21.9 trillion gained from its initial public offering (IPO) last week (27-30/7).
In the short prospectus quoted today (3/8), BUKA puts 25,765,504,800 shares on the offer, equal to 25% of its entire issued and paid-up capital amounting to 103,062,019,967,000 units of IDR 50 each. The shareholders owning above 5% portion are PT Mandiri Kapital Indonesia (MKI) with 23.93%, API (Hong Kong) Investment Limited 13.05%, Archipelago Investment Pte Ltd 9.45%, and the public 25%.
Prior to the IPO, BUKA’s authorised capital is at IDR 15.45 trillion. Its issued and paid-up capital amounts to IDR 3.86 trillion or 66,296,514,554 shares, while its stock in portfolio clocks up to IDR 11.59 trillion or 2,864,825,727,700 shares. The stockholders (more than 5%) consist of MKI with 31.90%, API 17.40%, and AI 12.60%.
Lastly, 66% of the proceeds from the IPO would be allocated to the working capital, while the remaining 34% would go to its subsidiaries’ working capital. The subsidiaries include PT Buka Mitra Indonesia (BMI), which would earn 15%; PT Buka Usaha Indonesia (BUI) 15%; and PT Buka Investasi Bersama (BIB), PT Buka Pengadaan Indonesia (BPI), Bukalapak Pte Ltd, and PT Five Jack (FJ), which would get 1% each. (LK/ZH)