JAKARTA – PT Pelayaran NasionaL Ekalya Purnamasari TBk (ELPI) will allocate IDR 126.10 billion or 56.70% of its IPO proceeds to acquire an offshore support vessel (OSV) and a reactive OSV.
In the short prospectus quoted Friday (5/8), ELPI is said to aim to secure IDR 222.40 billion throughout the IPO period on August 2-4, 2022. ELPI plans to offer 1,112,000,000 shares of IDR 200 each in its debut.
The procurement of OSV will support the company’s expansion plan and improve its service so that it could secure new deals from cooperation contract issuers.
Furthermore, ELPI also allocates 16.97% of the IPO proceeds to acquire shares of PT Multi Eximindo, one of its affiliated companies, in Kazo Marine (M) Sdn Bhd, Malaysia. It will also set 17.99% of the proceeds aside to establish its headquarter in Surabaya, East Java, while utilising 6.74% to build a training center managed by its affiliate, PT Patriot Teknologi Maritim (PTM). (LK/ZH)