APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

Bank Syariah Indonesia Tbk PT / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/26981" target="_blank" data-smartkarma-citation="entities:26981:1">Bank BRISyariah PT (1017936Z IJ)</a> is raising about US$100m in its upcoming IPO and proceeds will be mostly used to support financing activities, developing new IT system, and opening new branches.</p><p>In this insight, we will look into the company's growth in the past three years, examine Indonesia's sharia banking industry, and compare the company's performance against the industry average. We will also value the company against Indonesia and Malaysia banks and run the deal through our ECM framework.</p>

Bank BRISyariah PT (1017936Z IJ) is raising about US$100m in its upcoming IPO and proceeds will be mostly used to support financing activities, developing new IT system, and opening new branches.In this insight, we will look into the company's growth in the past three years, examine Indonesia's sharia banking industry, and compare the company's performance against the industry average. We will also value the company against Indonesia and Malaysia banks and run the deal through our ECM framework.

BRI Syariah IPO Review - Small and Sub-Par Metrics Points Towards a Large Discount to Peers