YUPI – IPO proceeds yet to be utilized

YUPI – IPO proceeds yet to be utilized Yupi Indo Jelly Gum (YUPI) raised IDR596.67 bn from its initial public offering on March 25, 2025. However, to date, YUPI has not yet utilized these funds and continues to keep them at Bank CIMB Niaga in the form of time deposits earning interest of around 5% per annum. Going forward, YUPI is projected to face challenges from rising raw material costs and fluctuations in the rupiah exchange rate. YUPI’s fundamental outlook is unlikely to change significantly unless management undertakes expansion initiatives or other meaningful strategic actions. (Source : Kontan)