The IPO of the conglomerate issuer received Rp. 173.2 billion. PT Triputra Agro Persada Tbk, as a subsidiary of the Triputra Group owned by conglomerate TP Rachmat and owned by Persada Capital by conglomerate Benny Subianto.
Palm oil producer PT Triputra Agro Persada Tbk. On Monday (4 December 2022) successfully raised fresh funds of IDR 173.24 billion from the capital market through an IPO.
Triputra Agro Persada Corporate Secretary Joni Tjeng explained that the funds obtained from the action would be used to increase the ownership of the subsidiary’s shares, PT Agro Multi Persada (AMP).
“Furthermore, it will be forwarded to AMP’s subsidiary, PT Sukses Karya Mandiri (SKM), to spend capital and working capital related to the construction of the SKM factory in Central Kalimantan,” said Joni, as explained, Monday (2/1). December 3, 2022).
The IPO of the conglomerate issuer received Rp. 173.2 billion. In addition, the issuer-coded TAPG shares will use the remaining proceeds from the IPO for working capital in the form of purchasing fertilizer.
TAPG is a subsidiary of the Triputra Group owned by conglomerate TP Rachmat and Persada Capital owned by conglomerate Benny Subianto. TAPG is a palm oil, rubber and processing company.
Currently, the company works in 24 oil palm plantations, 1 rubber plantation, 15 palm oil mills, 1 RSS (Ribbed Smoke Sheet) factory and 4 branches in Jambi, Central Kalimantan and East Kalimantan.
Joni explained that the company always strives to produce high-quality crude palm oil and palm kernel to meet the needs of foreign and domestic markets.
“In improving its business, the company maintains its commitment to sustainability by adopting standards that are considered globally. This can be seen from the achievements of the Roundtable On Certificates of Sustainable Palm Oil (RSPO) and Indonesian Certificates of Indonesian Sustainable Palm Oil (ISPO),” said Joni.
IPO of conglomerate issuers to achieve the direction of realizing business sustainability, community empowerment and environmental conservation, the company has collaborated by establishing a plasma main program with plasma farmers and plasma plantation cooperatives.
The IPO of the company’s conglomerate issuer has developed an information technology system that uses artificial intelligence and remote sensing technology for its operations.
In addition, improve good agricultural practices to realize TAPG’s mission and provide sustainable palm oil business support.
Therefore, the company carried out the ESA (Employee Stock Allocation) program with a total of 0.57% of the shares offered in the public offering or around 4.89 million shares.
IPO Conglomerate Issuers PT Ciptadana Sekuritas Asia and PT Trimegah Sekuritas Indonesia Tbk acted as loyal consumers of the impact of TAPG in this IPO.
