Pizza Hut Indonesia plans IPO
In this article (5)
Pizza Hut Indonesia operator Sarimelati Kencana is planning an IPO to raise US$58.7 million.
Sarimelati Kencana runs 237 Pizza Hut Restaurants and 156 delivery outlets across 76 centres in Indonesia.
The company said, it will offer up to 604.375 million new shares each priced between Rp 1100-1350 (US 8-10 cents).
Sarimelati Kencana director Jeo Sasanto says two-thirds of the funds raised will be used to expand the Pizza Hut Indonesia network and to renovate existing stores.
The company has already commenced a book-building period which is scheduled to close on May 3, with the shares to start trading on May 23.
Questions & Answers
Q.How many Pizza Hut outlets does Sarimelati Kencana currently operate in Indonesia?
How many Pizza Hut outlets does Sarimelati Kencana currently operate in Indonesia?
Sarimelati Kencana operates a total of 393 Pizza Hut outlets. This includes 237 Pizza Hut Restaurants and an additional 156 delivery outlets across 76 different centres in Indonesia.
Q.What is the primary purpose for which Sarimelati Kencana intends to use the funds raised from the IPO?
What is the primary purpose for which Sarimelati Kencana intends to use the funds raised from the IPO?
Two-thirds of the funds raised from the IPO will be allocated to expanding the Pizza Hut Indonesia network. The remaining portion will be used for renovating existing stores within their current operations.
Q.When is the book-building period scheduled to conclude for Sarimelati Kencana's IPO?
When is the book-building period scheduled to conclude for Sarimelati Kencana's IPO?
The book-building period for Sarimelati Kencana's initial public offering is set to close on May 3. Following this, the shares are scheduled to commence trading on May 23.
Reader pulse
Is Pizza Hut Indonesia's expansion strategy solid?
17,393 votes so far