Nelongso Chicken Restaurant Enters the Stock Exchange, Targets Rp62 Billion in IPO Funding

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Adi Ahdiat 15/02/2024 15:13 WIB

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According to the company prospectus, the majority of funds raised from Ayam Nelongso's (BAIK) IPO will be used for operational expenditures.

Proposed Use of IPO Funds for Ayam Nelongso/BAIK Restaurant (February 15, 2024)

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Nelongso Chicken Restaurant Enters the Stock Exchange, Targets Rp62 Billion in IPO Funding

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Proposed Use of IPO Funds for Ayam Nelongso/BAIK Restaurant (February 15, 2024)

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PT Bersama Mencapai Puncak Tbk, the company that owns the Ayam Goreng Nelongso restaurant chain, officially listed on the Indonesia Stock Exchange (IDX) on Thursday, February 15, 2024.

The issuer, with the stock code BAIK, conducted an initial public offering (IPO) offering 225 million ordinary shares. The initial offering price was Rp278 per share.

Through the IPO, BAIK secured a total of Rp62.55 billion in fresh funds.

According to the company prospectus, the IPO proceeds will be used for the following purposes:

* 65.69% for operational expenditures, including raw material purchases, product development, marketing, and branding;
* 21.37% for the renovation of outlets, warehouses, offices, and supporting business automation systems;
* 9.64% for the extension of existing outlet leases and supporting business expansion;
* 3.30% for the purchase of machinery and operational vehicles supporting product distribution and raw material storage.

As of the end of July 2023, BAIK had recorded assets of Rp77.7 billion, comprising equity of Rp62.74 billion and liabilities of Rp14.97 billion.

In its prospectus, BAIK stated that it had achieved revenue of Rp96.84 billion as of July 31, 2023, with a net profit of Rp8.9 billion.

This revenue grew by 2.8% year-on-year (YoY), while net profit grew by 3.5% (YoY).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Nelongso Chicken Restaurant Enters the Stock Exchange, Targets Rp62 Billion in IPO Funding

Nelongso Chicken Restaurant Enters the Stock Exchange, Targets Rp62 Billion in IPO Funding

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Nelongso Chicken Restaurant Enters the Stock Exchange, Targets Rp62 Billion in IPO Funding

Nelongso Chicken Restaurant Enters the Stock Exchange, Targets Rp62 Billion in IPO Funding

Tags

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Despite Weakening, IDX Composite Remains at the 8,600 Level (Friday, December 5, 2025)

Mount Semeru Erupts Again This Afternoon, Ash Plume Around 1,000 Meters High

Mount Ibu Erupts Again This Afternoon (Friday, December 5, 2025)

Mount Semeru Erupts Again This Afternoon (Friday, December 5, 2025)

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

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