Yupi Indo Jelly Gum Tbk PT (Ticker: YUPI IJ), an Indonesian confectionery manufacturer and the ASEAN gummy candy market leader, plans to list on the Indonesia Stock Exchange on March 25, 2025. The IPO involves offering 854.45 million shares (30% primary, 70% secondary), representing 10% of the company's capital. The shares were priced at IDR 2,390 (USD 0.1463) per share, within the indicative range of IDR 2,100 - 2,500 (USD 0.13-0.15), raising IDR 2.04 trillion (USD 124.98 million). The company will receive IDR 612.69 billion from primary share offering, the rest is going to selling shareholder, PT Sweets Indonesia. Company will use the funds for capital expenditures (72% - new factory) and working capital (28% - business expansion). CIMB Niaga Securities and Mandiri Sekuritas PT are the underwriters. The market capitalization is IDR 20.42 trillion (USD 1.25 billion).