PT Global Sukses Solusi Tbk (RUNS) Officially Enters the Capital Market
Jakarta, September 8, 2021 – As scheduled, PT Global Sukses Solusi Tbk (Public Company) officially listed its shares on the Indonesia Stock Exchange (IDX) with the stock code “RUNS”. Previously, getting an effective statement from the Financial Services Authority (OJK) on Tuesday (31/8). The listing of PT Global Sukses Solusi Tbk’s shares on the main board on the Indonesia Stock Exchange, has made the Company the 6th Information and Technology company listed on the Indonesia Stock Exchange this year.
In this Initial Public Offering, the Company has released 196,800,000 shares at an offering price of IDR 254 per share, so that the funds raised by the Company amounted to IDR 49,987,200,000,-. This turned out to get a positive response from investors so that there was an excess demand or oversubscribed as much as 21 times from pooling or 9 times of the company’s total share issuance.
President Director of PT Global Sukses Solusi Tbk, Sony Rachmadi Purnomo said, in the future, it is planned that around 74% of the IPO funds raised will be used as working capital, including for financing new projects, overhead and operational costs. The financing for the new project is ERP procurement and ERP managed service work for the Company’s customers. Approximately 11% will be used for market acquisition and expansion. Market acquisition and expansion aims to expand new segments through the development of iKas products, namely Micro point of Sales, which is intended for SME businesses and can connect ERP customers to SME businesses as well as further development of RUN Market products, namely an ERP platform for the medium business segment. Approximately 10% (ten percent) will be used for research and development. Approximately 5% (five percent) will be used for the Company’s capital expenditure which includes work equipment and infrastructure including computers, servers, router servers, manageable switchhubs, 20U rack servers, Fortinet firewalls, and operational vehicles.
PT Global Sukses Solusi Tbk has appointed PT BRI Danareksa and PT Mirae Sekuritas Indonesia as underwriters.
PT Global Sukses Solusi Tbk is a growing IT company with growing performance.
The company, which was founded in Yogyakarta in 2014, started its business through its participation in the Indigo Startup Incubator Program organized by Telkom. Three years later, in 2017, the Company implemented the RUN System for the first time in a state-owned company. The Company’s products continue to grow with the addition of iKas and Run iProbe (HR Cloud Platform) products.
The Company’s products also have several competitive advantages, namely: First, the products allow for customization and can adapt to customer needs. Second, competitive prices when compared to similar companies and other global players in the ERP industry and third, good after sales service quality, especially during the Covid-19 pandemic, support and maintenance team mobilization is not hampered because all resources come from and are within country.
Along with business development as evidenced by the increase in a number of products and the achievement of excellence over these products, according to Nizar as Finance Director of PT Global Sukses Solusi Tbk that the Company’s operational performance has also shown improvement and growth. This is shown by the performance as of December 2020, where the Company’s operating income increased by Rp. 16,874 billion or an increase of 300.37% compared to 2019, from Rp. 5,618 billion to Rp. 22,492 billion. The increase was mainly due to an increase in sales of the RUN System to a related party, namely PT Metranet.
The Company’s net profit for the year also increased in 2020 to Rp7,705 billion from Rp2,067 billion or an increase of 272.73%. Likewise, EBITDA jumped from 61.48% in 2019 to 387.15% in 2020. The increase was mainly due to an increase in the Company’s revenue. The increase in the Company’s revenue is in line with the increase in the contract value obtained by the Company, continued Nizar.