Jakarta, Tuesday, June 18, 2019 - PT Hensel Davest Indonesia Tbk, today conducted public exposure in the context of an Initial Public Offering of as many as 381,170,000 (three hundred eighty-one million one hundred seventy thousand) ordinary shares on behalf of or as much as 25.00% (twenty-five percent) of the issued and fully paid up capital after the Initial Public Offering of the company with a nominal value of Rp 100 (one hundred Rupiah). PT Hensel Davest Indonesia Tbk (HDI) is a company engaged in the development of trading applications via the internet (e-commerce) as well as the distribution of digital products. HDI will be the first fintech business to be listed on the Indonesia Stock Exchange later. The company was founded in 2013 as a company that processes multi-biller transactions. Starting from electrical pulses then expanding into prepaid electricity and other billers such as BPJS and PDAM. Focusing on the B2B sector until 2015 launches the DavestPay application to target the B2C segment. At present, the Company has more than 150,000 network of agents spread throughout Indonesia and processes more than 600,000 transactions of hundreds of products per day. The company, located in Makassar, South Sulawesi, is a distribution company for digital products, online trading or e-commerce and technology with a focus on targeting markets in eastern Indonesia.


In his presentation, Hendra David as the President Director explained that all proceeds from the Initial Public Offering after deducting all issuance costs of shares will be allocated around 65% to increase davestpay working capital for the acquisition of marchants in the form of MSMEs (stalls) and Individuals, purchase of merchandise inventory. , advances on merchandise supply and trade receivables financing to customers, around 10% will be used to improve information communication technology, as well as the development of the Company's HR, while around the remaining 25% will be used to purchase buildings for company operations. "The development of information technology and changing consumption patterns in the current digital era is certainly a challenge as well as a promising market potential for technology-based companies (e-commerce) in Indonesia, especially we will enter the era of the industrial revolution 4.0. According to the data, Indonesia's digital economy will grow from USD 7.8 billion in 2015 to USD 78.8 billion in 2025, with the largest growth being the e-commerce and financial technology sectors. This growth will make Indonesia the country with the largest digital economy in Southeast Asia, "continued Hendra David. "The company is optimistic that in the future the company will continue to grow and be able to expand its business to all regions of Indonesia and abroad supported by improving technology and product quality and developing good human resources," continued Hendra David.


In this Initial Public Offering, act as the Managing Underwriter appointed by the Company, PT Mirae Asset Sekuritas Indonesia, with Capital Market Supporting Institutions & Professionals as follows:
Legal Consultant: ANRA & Partners,
Public Accountant: KAP Kanaka Puradiredja Suhartono (Nexia International)
Notary: Notary Office Fathia Helmi S.H
Securities Administration Bureau: PT Adimitra Korpora Services

The Company and the Managing Underwriter plan a Bookbuilding period on 17-24 June 2019 and listing of shares on the Indonesia Stock Exchange is planned on 12 July 2019.