PT Arsy Buana Travelindo Tbk with the issuer code HAJJ held a Public Expose in connection with the Initial Public Offering (IPO) plan at Energy Building, South Jakarta. The Company will offer a maximum of 687,100,000 shares or a maximum of 29.998% of the issued and fully paid-up capital in the Company after the Initial Public Offering.
President Director of PT Arsy Buana Travelindo Tbk, Saipul Bahri said that the purpose of the HAJJ IPO process is to strengthen and expand the reach of PT Arsy Buana Travelindo Tbk by increasing nvestment in providing more varied accommodation at competitive prices. "With accommodation options such as tickets and competitive hotel rooms, we hope to increase the opportunities for Indonesian Muslims to perform Umrah," Saipul explained.
PT Arsy Buana Travelindo Tbk, established in 2016, is a company engaged in providing accommodation services for religious tourism trips for Umrah pilgrims managed by Umrah Pilgrimage Travel Organizers (PPIU). The scope of the Company's business is as a facility provider, where all of its coverage contains various tour components that exist in travel agencies in general, including Hotel Rooms, Land Arrangement (LA), and Airline Tickets.
Saipul Bahri further explained the business prospects of PT Arsy Buana Travelindo Tbk which is closely related to the activities and activities of Umrah and Hajj religious travel. "The potential for Umrah and Hajj religious trips in Indonesia itself is very large because the number of Muslims reaches more than 200 million. This certainly makes the business prospects of PT Arsy Buana Travelindo Tbk very promising and bright in the future," Saipul explained.
In addition, the government of Saudi Arabia as the authority of Umrah worship activities, continues to provide support so that the number of pilgrims leaving to perform worship continues to increase supported by the ease of administrative requirements, facilities, and infrastructure.
This is certainly in line with the vision of PT Arsy Buana Travelindo Tbk to become a trustworthy, professional, and reliable provider of travel and religious travel services that are able to provide benefits to the wider community.
The key to success according to Saipul Bahri is khidmah (service) and amanah (honesty). According to Saipul Bahri, these two words must exist and apply in every business, especially services. Therefore, PT Arsy Buana Travelindo Tbk becomes a true and trustworthy service company for customers. Not only to pursue the turnover target, but also as a way of worship to Him.
The business of PT Arsy Buana Travelindo Tbk has virtues that can facilitate people in feeling comfortable in worship, as follows:
- Having contracts with hotels in Mecca and Medina, the ability to sell seasonal pricing and compete both vertically and horizontally.
- Local service provider companies that have experience and knowledge in accommodation in Mecca and Medina and are ready to serve in Indonesian.
- Has an easy and updated online reservation facility that provides comfort and convenience as well as flexibility to consumers in transactions.
- Provides a full range of products including room rentals, tickets, and Land Arrangement (LA) packages, and networks with upstream industry partners.
- Experienced marketing and operational personnel with adequate product knowledge.
In this Initial Public Offering process, the Company has selected PT Surya Fajar Sekuritas as the Underwriter. The initial offering period will take place on February 24, 2023 to March 9, 2023 with a share price range of Rp140 to Rp145 per share and the Public Offering Period is expected to take place on March 27, 2023 to March 31, 2023. The Company is expected to raise funds of up to Rp99,629,500,000 (ninety-nine billion six hundred twenty-nine million five hundred thousand rupiah).
The proceeds from the Initial Public Offering will be used for several purposes, such as:
- Approximately 60% will be used by the Company for airplane ticket reservations and
- The remaining 40% will be used by the Company for hotel room slot reservations.
The shareholders of PT Arsy Buana Travelindo Tbk are PT Madinah Iman Wisata with 99.998% and Saipul Bahri with 0.002%
PT Arsy Buana Travelindo Tbk (HAJJ) has several service products that represent "One Stop Solution". These service products are:
- Hotels: PT Arsy Buana Travelindo Tbk (HAJJ) provides hotels located in Makkah and Madinah. All hotels provided are strategically located and close to important mosques such as the Grand Mosque and the Prophet's Mosque.
- Land Arrangement: PT Arsy Buana Travelindo Tbk (HAJJ) provides all the needs of pilgrims, starting from Visas, Booking Receipt Registration Numbers, Transportation, Tour Guides, and others.
- Airplane Tickets: PT Arsy Buana Travelindo Tbk (HAJJ) provides tickets to Saudi Arabia with various airlines.
With all the things contained in the PT Arsy Buana Travelindo Tbk (HAJJ) prospectus, this certainly creates positive sentiment for HAJJ in the listing process on the Stock Exchange.
