YUPI – A IDR 596.67 bn of IPO proceeds still parked in the bank

YUPI – A IDR 596.67 bn of IPO proceeds still parked in the bank Yupi Indo Jelly Gum (YUPI) is still holding IDR596.67 bn of IPO proceeds from its March 25, 2025 initial public offering at Bank CIMB Niaga, earning interest of 5% per annum. The company plans to use 72% of these funds for working capital, including distribution costs, raw material purchases, production processes, workforce expansion, and increased sales activities. Note that, YUPI recorded revenue of IDR2.25 tn and net profit of IDR472.9 bn in 9M25. (Source : Kontan)