Ranch Market price IPO Offer at Rp 425 - Rp 510

PT Supra Boga Lestari offers the public offering price or the initial public offering (IPO) in the range of Rp 425 - Rp 510 per share.

This is expressed by Managing Director Michael Steven Securindo KresnaGraha in Jakarta, Monday (14/05/2012). Supra Hospitality has appointed Krishna Graha Securindo as IPO underwriters.

Supra Catering will issue shares as much as 20 percent of the total capital paid-in shares, the maximum alias 312.897 million ordinary shares. It means that high retail manager Ranch Market and Farmers Market this will cost the fresh around Rp 132 billion to Rp 159 billion through the celebration.

The Company will use 60 percent of the proceeds from the IPO for expansion, particularly the increase Ranch Market stores and Farmer Market. This expansion will be gradual over the next two years. Mean while, 21 percent of the funds will be used to pay off debts to the bank, and the remaining 19 percent is used for working capital.

Is estimated that the offering period on 1 June to 4 June next. Allotment on June 5, and listing of shares on the Stock Exchange on June 7, 2012.