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🇮🇩 Indonesia /Economy & Trade

UGM Subsidiary Swayasa Prakasa Targets Rp45.22 Billion from IPO

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Documents & data New plan
  • PT Swayasa Prakasa, a subsidiary of Universitas Gadjah Mada (UGM), plans an Initial Public Offering (IPO) to raise Rp45.22 billion.
  • The company will offer up to 323 million new shares, representing a maximum of 30.30% of its post-IPO share capital.
  • Funds raised will be allocated to working capital, capital expenditure, and debt repayment to UGM entities.

PT Swayasa Prakasa Tbk (SWAP), a subsidiary of Universitas Gadjah Mada's (UGM) holding company PT Gama Multi Usaha Mandiri, is preparing to launch its Initial Public Offering (IPO) on the Indonesian stock market. The company aims to raise approximately Rp45.22 billion through this offering.

Swayasa Prakasa plans to issue a maximum of 323 million new shares to the public, which will constitute up to 30.30% of its total issued and paid-up capital after the IPO. The initial bookbuilding price is set between Rp130 and Rp140 per share, with the public offering period scheduled from September 2 to September 8, 2026. The company is expected to officially list its shares on the Indonesia Stock Exchange on September 10, 2026.

The funds generated from the IPO will be strategically allocated. Around Rp15.8 billion will be directed towards working capital to enhance production capacity and product quality. An additional Rp12.2 billion is earmarked for capital expenditure. The remaining Rp12 billion will be used to settle outstanding obligations to PT Gama Multi Usaha Mandiri and the Universitas Gadjah Mada Foundation.

The total value of the public offering shall be at most Rp45,220,000,000.

— Swayasa Prakasa ManagementStating the maximum amount to be raised through the IPO.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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