Indonesian food producer Inaco seeks Rp 392 billion in IPO

PT Niramas Utama Tbk, known for its food and beverage products, is preparing for its initial public offering (IPO) on the Indonesia Stock Exchange, aiming to list under the ticker JELI. The company targets to raise approximately Rp 392 billion through the sale of 350 million shares, representing 25.93% of its post-IPO capital. The shares are offered at a price between Rp 900 and Rp 1,120.

The IPO proceeds are earmarked for strategic investments. Over half, about 51.04%, will fund a capital injection into its subsidiary, PT NPS. Another significant portion, 18.36%, will be allocated for purchasing new machinery, enhancing production capabilities. Additionally, 10.63% will go towards repaying short-term debt, with the remaining 19.97% designated for working capital.

Management expressed optimism about the food and beverage industry, particularly the dessert segment, citing its strong fundamentals and sustained growth prospects in Indonesia. The sector's resilience, contributing about 7.13% to the national GDP, provides a stable market base for the company's expansion. The initial offering period runs from June 15 to June 22, 2026, with the public offering scheduled for July 1 to July 3, and the stock listing set for July 7, 2026. PT Sucor Sekuritas is managing the IPO.