Initial Public Offering of PT Nusa Palapa Gemilang Tbk

Initial Public Offering of PT Nusa Palapa Gemilang Tbk

Sidoarjo, April 14, 2021 – PT Nusa Palapa Gemilang Tbk (the “Company”), a company from Sidoarjo, East Java, which is engaged in Production, Marketing, and Trading of Compound Artificial Fertilizers of Macro-Primary Nutrients; held an Initial Public Offering (“IPO”) by releasing as many as 648,047,200 (six hundred forty-eight million forty-seven thousand two hundred) new shares which are Common Shares on behalf of which all are new shares issued from Company portfolio with a nominal value of Rp50,- (fifty Rupiah) per share or as much as 20% (twenty percent) of the issued and fully paid-up capital in the Company after the Initial Public Offering, which is issued from the Company's deposit (portfolio), which is offered to Public with an Offer Price of Rp. 100, - (one hundred Rupiah) per share. In the context of the IPO, the Company has appointed PT UOB Kay Hian Sekuritas as the Managing Underwriter.

Uus Sudianto, President Director of the Company, explained, “The Company's move to be listed on the Indonesia Stock Exchange (IDX) through an IPO is part of the Company's strategy to increase the Company's funding capacity and to improve the Company's governance to be even better in the times to come. come. The Company's performance up to September 2020 has recorded positive revenue growth despite the COVID-19 pandemic that has spread globally. The Company remains optimistic that the current business prospects will still be positive in the future!”

Furthermore, Uus said, “This can be seen from the growth in demand for NPK fertilizer from oil palm plantations as a result of improving international CPO prices. Overall, the growth of the non-oil and gas sector from the basic and chemical industries continued to increase to 14.96% until the third quarter of 2020 ago.”

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Daud Gunawan, Head of Corporate Finance at PT UOB Kay Hian Sekuritas who is the Managing Underwriter, explained, "The company has obtained an Effective Permit from the Financial Services Authority (OJK) on March 29, 2021. During the public offering period from March 31 to 7 April 2021, shares of PT Nusa Palapa Gemilang Tbk received quite positive interest from investors where the number of incoming requests was oversubscribed up to 3.97x of the total number of share offerings offered in the Company's IPO. Furthermore, the Company will receive fresh funds from the IPO amounting to Rp64.8 billion, of which 82% of the funds obtained by the Company will be used for land acquisition; as much as 17% will be used to pay off the purchase of production machines; and the rest will be used for the Company's working capital, namely the purchase of production raw materials.” Furthermore, Daud said, "We believe that the business expansion plan funded from the Company's IPO will have a positive effect on the continuity and prospects of the Company's business going forward!"
News Initial Public Offering of PT Nusa Palapa Gemilang Tbk

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PT Nusa Palapa Gemilang Tbk (NPGF) has vaccinated all its employees. This is in line with the government's COVID-19 vaccination program and management's commitment to provide the best service and maintain the availability of fertilizer supplies to customers.

The vaccination program is NPGF's effort to reduce the risk of COVID-19 transmission from and to the community so that NPGF can still provide the best service without any worries from all stakeholders.

"As a public company that is committed to always providing the best service for 24 hours in seven days, of course, we must ensure that all of our employees remain healthy and can work well even in the midst of a pandemic," said Director, Mr. Budi Hariadi. The company's management believes that this vaccination is an effective step to minimize the impact of COVID-19 from and to the community.

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The company carried out the vaccination program in collaboration with the Surabaya City Health Office, which was carried out at the Bhakti Rahayu Hospital, Surabaya. Even though they have been vaccinated, the company's management ensures that they continue to implement health protocols such as wearing masks, washing hands, also maintaining distance, and avoiding crowds. When this news was issued, all employees and top management had received stage 1 and 2 vaccinations. Vaccination is one of the most effective measures to overcome the COVID-19 pandemic.
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Welcoming Eid al-Adha 1442 Hijriyah, PT Nusa Palapa Gemilang Tbk this year distributed cows as sacrificial animals for the community. The quality of the sacrificial animals is strictly selected to ensure the healthy, quality, and following the sharia. Those animals are obtained from trusted breeders.

Handing sacrificial animals to the community is carried out by implementing health protocols to break the chain of the spread of COVID-19. The ceremony for handing over the sacrificial animals on Tuesday, July 20, 2021, was carried out directly by the President Director, Mr. Uus Sudianto. "Eid al-Adha is a very special moment of worship because it teaches caring. This activity is a tangible manifestation of PT Nusa Palapa Gemilang Tbk's concern for others, especially those who are affected in the midst of this condition. Hopefully, we can continue to share and increase solidarity in social life so that we can survive and through this COVID-19 pandemic together," said Mr. Uus Sudianto.

The sacrificial committee team helps ensure that the slaughtering and handing over of sacrificial animals this year is following the health protocols and applicable government regulations to break the chain of the spread of COVID-19. After slaughtering the qurban, then the meat is packaged and distributed to the people who are entitled to it. The distribution of sacrificial animals for people in need is in line with the Company's Corporate Social Responsibility (CSR).

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The company's management believes that social care for the surrounding environment will create harmonious social relationships so that a safe, conducive work environment can be realized, and has a good impact on residents.
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News Initial Public Offering of PT Nusa Palapa Gemilang Tbk
Company LogoPT Nusa Palapa Gemilang Tbk
Since its establishment in 2001 until now, the company has grown and developed very proudly.
Head Office and Factory:
Jl. Raya Surabaya Mojokerto KM 39
Desa Bakung Temenggungan, Kecamatan Balongbendo Sidoarjo, East Java


[email protected]

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