RANS Entertainment Targets IDR 429 Billion in IPO. What's It For?
RANS Entertainment, the media and entertainment company owned by Raffi Ahmad, is aiming to raise IDR 429.25 billion from its initial public offering (IPO). The company is offering 2.5 billion shares, equivalent to 20.02 percent of its listed shares.
According to the preliminary prospectus, IDR 29.9 billion, or 6.98 percent of the IPO proceeds, will be used to repay a loan to PT Bank Negara Indonesia. RANS is recorded as having borrowed IDR 75 billion from BNI for investment credit.
The company will then use approximately IDR 80 billion, or 18.64 percent, to build an educational play and learning facility named “Cipungland”. Nine Cipungland outlets will be built in stages during 2026-2027. “The use of these funds is allocated to support the construction and opening of Cipungland outlets,” the prospectus stated.
Furthermore, the company will use IDR 161 billion, or around 37.61 percent of the IPO funds, for operational expenditure related to concert organisation. RANS targets holding 16 music concerts from the second half of 2026 to 2028. This year, the company plans to hold nine concerts both domestically and abroad.
IPO proceeds will also be used to form a new business entity with RANS’s partner, PT Feedloop Global Teknologi. The main product of this business is the development of artificial intelligence (AI) technology for content production. The funds allocated for this business entity amount to IDR 35 billion, or 8.15 percent.
Additionally, RANS will acquire shares in PT Rans Kosmetika Indonesia (Slavina). The company will acquire 1,020 shares, equivalent to 51 percent of the total issued and fully paid-up capital. The IPO funds used for this acquisition amount to IDR 85 billion, or 19.8 percent.
Meanwhile, the remaining IPO funds will be used for capital injection into RANS Entertainment’s subsidiary, RNS. “The funds obtained from this capital injection will subsequently be used by RNS for core business development and business network expansion, namely for launching new products,” the prospectus stated.
The underwriter for RANS Entertainment’s IPO is PT Trimegah Sekuritas Indonesia. The bookbuilding period runs from 23-25 June 2026, while the share listing on the Indonesia Stock Exchange is scheduled for 10 July 2026.