BSA Logistics Indonesia Targets Fresh Funds of Rp 306 Billion in Imminent IPO

JAKARTA. The prospective issuer in the logistics sector, PT BSA Logistics Indonesia, plans to conduct an initial public offering (IPO) of shares. According to the prospectus on the e-IPO website, this prospective issuer with the code WBSA will offer a maximum of 1.8 billion ordinary shares, equivalent to 20.75% of the placed and fully paid-up capital. During the initial offering period, or bookbuilding, WBSA has set the price range at Rp 150–Rp 170. Thus, WBSA has the potential to raise fresh funds of up to Rp 306 billion. Regarding the use of IPO proceeds, WBSA allocates Rp 215 billion to acquire shares in PT Bermuda Inovasi Logistik, specifically 191,250 shares or equivalent to 99.99% of PT Bermuda Nusantara Logistik. This addition of capabilities will enable closer integration between sea services and the existing land transport network and warehousing facilities, making the company’s multimodal logistics services more comprehensive and integrated, creating operational and commercial synergies, expanding the scale of operations, and enhancing competitiveness in the B2B logistics segment. Meanwhile, the remaining IPO proceeds will be used by the company as working capital, including to support operational activities, maintain business liquidity, and strengthen the capacity of the company’s multimodal logistics services. The lead underwriters for this corporate action are PT OCBC Sekuritas Indonesia and PT Semesta Indovest Sekuritas. The emission guarantors will be determined later. Financial Performance In its financial performance report up to September 2025, the company disclosed total revenue of Rp 1.54 trillion, an increase of 29.06% year-on-year compared to the same period last year, which was Rp 1.19 trillion. The company’s net profit also rose to Rp 24.39 billion up to the third quarter of 2025, from previously Rp 1.54 billion. On the balance sheet side, the company recorded total current assets of Rp 1.15 trillion as of the end of September 2025, up from Rp 874.06 billion in the same period the previous year. Full Schedule Initial offering period: 25 March - 27 March 2026 Effective date: 30 March 2026 IPO offering period: 1 April - 8 April 2026 Allotment date: 8 April 2026 Electronic share distribution date: 9 April 2026 Listing date on the Indonesia Stock Exchange: 10 April 2026