Corporate Evaluation Analysis Of Garuda Maintenance Facilities (GMF) IPO Journey to Be World Class Maintenance Repair Overhaul (MRO)

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Dwinatalia, Yola and Wirawan, Wisnu and Asy’ari, .Moh. Zubair and Kristiadewi, Mia (2013) Corporate Evaluation Analysis Of Garuda Maintenance Facilities (GMF) IPO Journey to Be World Class Maintenance Repair Overhaul (MRO). Project Report. Sekolah Tinggi Manajemen IPMI, Jakarta Selatan. (Unpublished)

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PT GMF Aero Asia hereinafter referred GMF is a subsidiary of PT Garuda Indonesia Persero Tbk. located at Sukarno Hatta Airport. GMF provides a wide range of services for a wide range aircrafts type and hence it is considered to be one of the largest aircraft maintenance facilities in Asia. Based on the Company's Long-Term Plan (RJPP) GMF from year of 2011 to 2015, GMF is a company which engages in maintenance, repair, and overhaul of aircraft and components supporting the highest quality standards in a timely manner and at competitive cost for its customers and perform other related business fields and professionalism as the actualization of human resources in the aircraft maintenance business and seeking profits by applying the principles of limited liability. Growth in domestic and international airlines requires additional aircraft maintenance facility. To cope with the demands of this market GMF faced with additional demands increased investment and working capital. According to (Francis, 2013) in the face of future challenges, GMF is required to set an expansion planning by adding capacity in the form of aircraft maintenance hangar construction in Batam, Medan, Bintan, and GMF Makassar and currently is building a hangar in Cengkareng . To meet the funding requirements, GMF plans to conduct an IPO (Initial Public Offering) which is scheduled to be held in the second half of 2013. According (Sulistiyono, 2013) , GMF will carry out an IPO in the second half of 2013. And (Tetiro, 2013) , states that the GMF IPO aims to raise funds in 2013 amounted to 100 million USD, equivalent to 10-20% of the value of shares of GMF. Share price offered by GMF at IPO is very important because it determines how much the amount of funds to be obtained. Stock price that is too low can create investor interest is high but the value of the funds to be raised is small. While the price is too high would allow the company to obtain a large amount of money but would make investor interest become low. Learning from the experience of the parent company, PT Garuda Indonesia Persero Tbk., Which occurs when the IPO overpricing in early 2011. Therefore it is necessary to investigate the most appropriate price to be offered to investors at the timing of IPO.

Item Type: Monograph (Project Report)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Library > GFP (Group Field Project)
Depositing User: Elza Christina Nur Ramadani
Date Deposited: 17 Jan 2020 02:47
Last Modified: 17 Jan 2020 02:47

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