PT Superkrane Mitra Utama Tbk (SKRN) shares will be listed on the IDX Development Board as the 45th issuer in 2018.

Superkrane has a business in the crane rental and heavy lifting support tools. In Indonesia, the company is the leader in market share among other companies. The company’s shares are included in the list of property and real estate sectors, with the building construction subfield.

The company’s performance is closely related to the government’s efforts to develop infrastructure. Because the crane is used as a lifting tool in construction projects, such as the construction of toll roads, LRT, MRT, and ports.

John Octavianus, UOB Head of Investment Banking Kay Hian Sekuritas said, with the IPO price of Rp 70O, Superkrane’s EV / EBITDA reached 4.2 times based on 2019 performance estimates, or a 40% discount from the average comparison company of 7 times.