PT Ingria Pratama Capitalindo Tbk
IIDX:GRIA135.00
IDR
-4.00
(-2.88%)
ISIN
ID1000194400
Return %
Stock
S&P 500
1Y
19.47
14.20
3Y
46.74
81.12
5Y
- -
68.34
Capital Structure
IDR
•
in mil. unless spec.Working Capital
IDR
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in mil. unless spec.Growth Rates
IDR
•
in mil. unless spec.Quarterly Revenue
IDR
•
in mil. unless spec.Quarterly Earnings Per Share
IDR
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in mil. unless spec.Quarterly Dividends Per Share
IDR
•
in mil. unless spec.Company Description
- CEO
- Khufran Hakim Noor
- Full Time Employees
- 49
- Sector
- Finance
- Industry
- Real estate development
- Address
- Tangerang Selatan Indonesia
- IPO Date
- Aug 8, 2023
- Website
- ingriagroup.com
- Similar Companies
- Business
- PT Ingria Pratama Capitalindo Tbk is an Indonesia-based property development and real estate company that specializes in affordable residential housing, government-subsidized landed houses, and community infrastructure. The company operates primarily in the development, construction, marketing, and sale of residential real estate projects designed for low-to-middle-income demographics. Its core product and service portfolio encompasses subsidized landed housing developments under national mortgage liquidity assistance programs; commercial landed houses; multi-story affordable apartment complexes; real estate brokerage and sales facilitation; land acquisition, site preparation, and civil infrastructure construction; and residential estate management services. The company develops and manages a portfolio of residential estates across West Java, Banten, and East Kalimantan, including Bukit Esma Cicalengka 2 and The Valley of Esma in Bandung; Griya Panorama Cimanggung and Griya Panorama Sumedang in Sumedang; Gria Indah Cibarusah in Bekasi; Puri Artha Kencana and Puri Epicentrum Karawang in Karawang; Apartemen Epicentrum Sepatan in Tangerang; and New Mahakam Grande and Mahakam Grande City in Samarinda. Founded in 2013 and headquartered in South Tangerang, Banten, Indonesia, the company initially engaged in civil construction contracting before pivoting its primary business model toward residential property development. In 2022, the company underwent a major corporate restructuring and business transformation through a statutory merger with PT Esma Sukses Makmur and PT Balikpapan Skylink Property, with the company emerging as the surviving entity and consolidating property development assets in Java and Kalimantan. In August 2023, the company completed its initial public offering on the Indonesia Stock Exchange under the ticker symbol GRIA, raising gross proceeds of 207 billion Indonesian rupiah. Throughout 2023 and 2024, the company executed its capital allocation plan by utilizing public offering proceeds to settle land acquisition obligations, expand active land bank reserves, and fund project construction across its developments in East Kalimantan and West Java. The company maintains operational partnerships with domestic mortgage lenders, including PT Bank Tabungan Negara (Persero) Tbk, to deliver subsidized housing credits and support national housing initiatives.