Prima Multi (PMUI) IPO to Fund Coca-Cola Distributor, Bottled Water Expansion & Land Acquisition

Prima Multi (PMUI) IPO to Fund Coca-Cola Distributor, Bottled Water Expansion & Land Acquisition

PMUI allocates IPO proceeds to support Coca-Cola distributor GRPM, expand into bottled water, acquire land, and repay bank loans.

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Sabtu, 5 Juli 2025 | 07:45

Bisnis.com, JAKARTA — PT Prima Multi Usaha Indonesia (PMUI), distributor for telco carrier XL Smart, has started its initial public offering (IPO) of 1,160,000,000 shares at IDR 180 per share, potentially raising up to IDR 208.8 billion.

According to the firm’s prospectus, part of the IPO proceeds (approximately 29.27%) will be used as a loan to its subsidiary PT Graha Prima Mentari (GRPM), a Coca-Cola distribution company. The loan will have a 9% interest rate and five-year term.

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