JAKARTA – PT Yupi Indo Jelly Gum Tbk (YUPI) is set to conduct an Initial Public Offering (IPO) on Indonesia Stock Exchange (IDX), offering up to 854.44 million shares.

The shares comprise 256.33 million new shares issued by YUPI, while the remaining 598.11 million shares are owned by PT Sweets Indonesia, the controlling shareholder, which will divest as part of this IPO.

YUPI has set the IPO share price in the range of IDR 2,100 to IDR 2,500 per share. At the highest price assumption, the Yupi candy producer could raise up to IDR 2.14 trillion.

The IPO's bookbuilding period is scheduled to take place from March 6 to 10, 2025, with the public offering expected to occur from March 17 to 19, 2025.

YUPI has appointed PT CIMB Niaga Sekuritas and PT Mandiri Sekuritas as underwriters for the IPO.

According to data compiled by IDNFinancials.com, PT Sweets Indonesia currently controls 99.90% of YUPI's shares, while the remaining 0.10% is owned by Daniel Budiman. (KR/ZH)