JAKARTA – The stock issuance of PT Bukalapak Tbk (BUKA), the Bukalapak e-commerce managing company, recorded an oversubscription of 8.7 times, involving demands from almost 100,000 investors. Silva Halim, the Acting President Director of PT Mandiri Sekuritas, whose company acts as the underwriter for the IPO, announces this news in the press release, quoted today (6/8).
It is mentioned that Bukalapak had completed its book building and roadshow from July 9 to 19, 2021, and successfully conducted its public offering from July 27 to 30, 2021. The high demand via the pooling allotment method reached IDR 4.8 trillion in value. Bukalapak also raises allotment portions for the investors from 2.5% to 5% of the total available slots. The stock value that would be allocated to the pooling allotment for the retail investors is also boosted to IDR 1.1 trillion from the initial IDR 547.5 billion.
Furthermore, Rachmat Kaimuddin, Director of Bukalapak, claims the COVID-19 pandemic does not eliminate the excitement of the investors to secure their portion in BUKA. “Through the IPO, we believe we could further drive the growth in micro, small, and medium businesses, which are the sectors that have the most of the company’s attention,” Kaimuddin adds.
PT Mandiri Sekuritas and PT Buana Capital Sekuritas are the joint lead managing underwriters in BUKA’s IPO. The members include PT UBS Sekuritas Indonesia, PT Mirae Asset Sekuritas Indonesia, PT Bahana Sekuritas, PT BCA Sekuritaas, and PT BNI Sekuritas. (LK/ZH)