Krakatau Steel (KRAS) - Solid Steel Integration

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Solid steel integration

  • Strong domestic presence.
  • Future earnings growth from bigger production capacity as a result of JV with POSCO.
  • Huge potential growth in Indonesia since the country has one of the lowest steel consumption of only 29 kg per capita in 2009.
  • Offer price is at Rp800 – 1,150/share, translation P/E’11 8.9x – 12.8x.

IPO Schedule

Effective date 29 October 2010
Offer Period 2 – 4 November 2010
Allotment 8 November 2010
Distribution 9 November 2010
Refund 10 November 2010
Listing at IDX 10 November 2010