IPO HighLight PT Yupi Indo Jelly Gum (YUPI)
KBVS Update
Monday 17 March 2025
IPO Highlight PT Indo Jelly Gum (YUPI)
■ PT Yupi Indo Jelly Gum (YUPI), plans an IPO of 854.44 million shares (10%) at IDR 2100–IDR 2500/share, aiming to raise up to IDR 2.13 trillion. From the total IPO proceeds, IDR538-641 bn in fresh cash injections will be received by the company while the remaining IDR1.25-1.5 tn will be given to PT Sweets Indonesia from its divestment.
■ Around IDR437.5 bn of the proceeds from the new shares issuance will be allocated for the construction of a new factory in Nganjuk, East Java, with the earliest operational target set for 2026. The remaining proceeds will be used for working capital to expand market reach both in domestic and international markets.
■ Starting FY25, YUPI plans a Dividend Payout Ratio of up to 80%.
■ At an offering price range of IDR2,100 per share, YUPI’s valuation translates to a 2024 price-to-earnings (PE) ratio of 27.8x and a post-IPO price-to-book value (PBV) of 6.4x.
■ The IPO offering period is expected from 17–19 March 2025 with IDX listing on 21 March 2025.
Regards,
KBVS Research team
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