PT Informasi Teknologi Indonesia – Jatis Mobile Goes Public

Jatis Mobile

Jakarta, May 2023

PT Informasi Teknologi Indonesia – Jatis Mobile (Jamob) one of Indivara Group’s subsidiaries focused on providing messaging solutions by offering a complete range of services (WhatsApp, SMS, and email), chat commerce, and Chatbot with a focus on the enterprise market (B2B) and currently developing the Small Medium Business market officially listed its initial public offering (IPO) on the Indonesia Stock Exchange with the issuer code “JATI”.

In this Initial Public Offering, the company will offer 652,500,000 new shares or 20.00% of the issued and fully paid capital of the company. The company sets the IPO or offering price of IDR 100 per share from the initial offering price which ranges from IDR 100 – IDR 120 per share.

Jatis Mobile has been able to build a strong foundation for long-term growth by pursuing various innovations and developing the latest digital products and services. The funds obtained from the IPO will be used by the company around 55.52%, with details of 27.58% will be used for the development of Artificial Intelligence (AI) applications, 27.58% will be used for the development of panel application modules, and the rest will be used for the company’s working capital requirements.

Erik Rivai Ridzal, CEO of PT Informasi Teknologi Indonesia explained, “The company’s move to go public is part of a strategy to support the company’s long-term strategy, such as developing business by focusing on three business segments which are, Enterprise Business, AI (Artificial Intelligence), and Small Medium Business. The success of the company officially listing on the Stock Exchange is also due to the continuous support from all stakeholders, including OJK, IDX, Underwriters, Supporting Professionals, and of course, all Jatisian who continue to support and believe in the company.”

In this IPO process, the company expresses its deepest gratitude for the trust of capital market players. On the first day based on a fixed allotment, JATI shares experienced a total oversubscription of 12.08 times. This indicates that the public’s interest, both institutional and retail investors with local and international status, to invest in the capital market is currently increasing especially in the technology sector.

Jusuf Sjariffudin President and CEO of Indivara Group and Chairman of Jatis Mobile said, “For the past 20 years, Jatis Mobile has grown from our humble beginning to be the leading  Transactional and Collaborative Messaging platform in Indonesia. With this IPO, we are embarking on our new journey to help UMKM with their digital journey.”

All this great enthusiasm is due to the Company’s good track record and strong fundamentals as a technology company that has been established for 20 years, with a total portfolio of more than 500 Enterprise clients and more than 12,000 SMB merchants, besides that the Company also has world-class service quality. which has served various industrial sectors such as financial services, government, health services, retail, FMCG, logistics, e-commerce, and various other sectors. With long experience in messaging solutions, custom development, and digital distribution channels.

“More importantly, we are able to grow healthily by maintaining the right fundamentals, we have been profitable since our inception and have maintained profitability since our inception 20 years ago when we spun off the company from our holding and maintain a strong technology engineering capability by having all of our products developed internally.  We are proudly Indonesian-made”, adds Jusuf.

In 2018, Jatis Mobile partnered with WhatsApp from Meta and become one of the pioneers of Business Solution Provider (BSP) for the WhatsApp Business Platform in Indonesia. All of these things are in line with the Company’s vision to become the dominant and sustainable market leader for messaging solutions, application development, and digital distribution in Southeast Asia.