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.”
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!"
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.”
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!"
More News
Signing IDR 217 Billion Contract, NPGF Targets Performance Growth in 2026PT Nusa Palapa Gemilang Tbk (NPGF) successfully secured a IDR 217 billion contract in the palm oil plantation segment in early 2026.
This contract marks a significant milestone for the company in strengthening sales performance and expanding market penetration in the strategic agribusiness sector.
The contract value is equivalent to approximately 97% of the company's revenue from the previous year, providing significant revenue visibility from early 2026 and supporting more measurable production and distribution planning. Products covered by this contract include NPK fertilizer and plant nutrient formulations designed to suit the land characteristics and growth phase of oil palms.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this contract reflects increased customer confidence in the quality of the company's products and services.
"NPGF's success in securing a PO contract worth IDR 217 billion in early 2026 is the result of the company's consistency in maintaining product quality, accurate distribution, and an approach focused on the needs of plantation customers," said Ujang Suparman.
He added that securing this contract also strengthens NPGF's business portfolio amidst the development of various agribusiness segments.
"This contract provides important initial capital for NPGF in maintaining growth momentum throughout 2026. With the contract base established since the beginning of the year, we are optimistic about sustainably improving operational performance,"
he continued.
In line with this achievement, the company is targeting revenue growth of around 20% in 2026 compared to the previous year. Management emphasized that this IDR 217 billion contract is not a one-off, but rather part of the ongoing sales pipeline the company is building.
This contract also complements the company's strategic steps to strengthen its working capital structure. To date, NPGF has obtained a bank credit facility of IDR 54 billion, giving the company a combination of solid demand and adequate funding capacity to execute its growth strategy.
Going forward, NPGF will continue to strengthen relationships with existing customers while opening up new contract opportunities in the plantation and other commercial agribusiness segments.
With this foundation, the company is optimistic that it can strengthen its position as a reliable fertilizer provider for the national plantation industry and support its performance growth targets throughout 2026...
This contract marks a significant milestone for the company in strengthening sales performance and expanding market penetration in the strategic agribusiness sector.
The contract value is equivalent to approximately 97% of the company's revenue from the previous year, providing significant revenue visibility from early 2026 and supporting more measurable production and distribution planning. Products covered by this contract include NPK fertilizer and plant nutrient formulations designed to suit the land characteristics and growth phase of oil palms.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this contract reflects increased customer confidence in the quality of the company's products and services.
"NPGF's success in securing a PO contract worth IDR 217 billion in early 2026 is the result of the company's consistency in maintaining product quality, accurate distribution, and an approach focused on the needs of plantation customers," said Ujang Suparman.
He added that securing this contract also strengthens NPGF's business portfolio amidst the development of various agribusiness segments.
"This contract provides important initial capital for NPGF in maintaining growth momentum throughout 2026. With the contract base established since the beginning of the year, we are optimistic about sustainably improving operational performance,"
he continued.
In line with this achievement, the company is targeting revenue growth of around 20% in 2026 compared to the previous year. Management emphasized that this IDR 217 billion contract is not a one-off, but rather part of the ongoing sales pipeline the company is building.
This contract also complements the company's strategic steps to strengthen its working capital structure. To date, NPGF has obtained a bank credit facility of IDR 54 billion, giving the company a combination of solid demand and adequate funding capacity to execute its growth strategy.
Going forward, NPGF will continue to strengthen relationships with existing customers while opening up new contract opportunities in the plantation and other commercial agribusiness segments.
With this foundation, the company is optimistic that it can strengthen its position as a reliable fertilizer provider for the national plantation industry and support its performance growth targets throughout 2026...
NPGF Performance Strengthens, Sales Grow 33.4 Percent and Production Soars 69 Percent 2025NPGF's Performance Strengthens, Sales Grow 33.4 Percent and Production Soars 69 Percent in 2025
Gresik, January 19, 2026 - PT Nusa Palapa Gemilang Tbk (NPGF) recorded strong performance throughout 2025. The company posted sales growth of 33.4 percent compared to the previous year, in line with a 69 percent year-on-year increase in production performance.
This growth reflects the company's success in optimizing production capacity and maintaining supply continuity to meet market demand.
The significant increase in production is considered a crucial factor in supporting consistent sales growth.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this achievement is the result of strengthening the company's operational fundamentals.
"We are making improvements to production planning, process efficiency, and strengthening distribution. With more ready capacity, the company can respond to market needs more quickly and stably," said Ujang Suparman.
According to him, the surge in production provides the company with greater room to maintain product availability in the market while strengthening relationships with its distribution network.
Entering 2026, management has set a strategic focus on strengthening marketing. After going through a phase of capacity expansion and operational consolidation, NPGF will direct its strategy toward increasing market penetration, strengthening its brand, and optimizing its distribution network.
"We are positioning 2026 as a marketing year. Our main focus is to maximize market potential from existing capacity, with a more structured and sustainable approach," explained Ujang.
As part of this strategy, the company will also launch new products: Mono Potassium Phosphate (MKP) and Potassium Nitrate (KNO₃). This product is expected to
complement NPGF's portfolio, particularly for the agriculture and plantation segments with more specific plant nutrient needs.
Management emphasized that future expansion will remain measured, with a focus on efficiency, product quality, and sustainable growth.
With strengthened production performance and a marketing and product innovation agenda for
2026, NPGF is optimistic about strengthening its position in the national fertilizer industry...
Gresik, January 19, 2026 - PT Nusa Palapa Gemilang Tbk (NPGF) recorded strong performance throughout 2025. The company posted sales growth of 33.4 percent compared to the previous year, in line with a 69 percent year-on-year increase in production performance.
This growth reflects the company's success in optimizing production capacity and maintaining supply continuity to meet market demand.
The significant increase in production is considered a crucial factor in supporting consistent sales growth.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this achievement is the result of strengthening the company's operational fundamentals.
"We are making improvements to production planning, process efficiency, and strengthening distribution. With more ready capacity, the company can respond to market needs more quickly and stably," said Ujang Suparman.
According to him, the surge in production provides the company with greater room to maintain product availability in the market while strengthening relationships with its distribution network.
Entering 2026, management has set a strategic focus on strengthening marketing. After going through a phase of capacity expansion and operational consolidation, NPGF will direct its strategy toward increasing market penetration, strengthening its brand, and optimizing its distribution network.
"We are positioning 2026 as a marketing year. Our main focus is to maximize market potential from existing capacity, with a more structured and sustainable approach," explained Ujang.
As part of this strategy, the company will also launch new products: Mono Potassium Phosphate (MKP) and Potassium Nitrate (KNO₃). This product is expected to
complement NPGF's portfolio, particularly for the agriculture and plantation segments with more specific plant nutrient needs.
Management emphasized that future expansion will remain measured, with a focus on efficiency, product quality, and sustainable growth.
With strengthened production performance and a marketing and product innovation agenda for
2026, NPGF is optimistic about strengthening its position in the national fertilizer industry...
NPGF Ready to Launch New Products: MKP and KNO3 FertilizersNPGF announced plans to launch two new water-soluble fertilizer products, MKP (Mono Potassium Phosphate) and KNO₃ (Potassium Nitrate), in early 2026.
This step is part of the company's strategy to expand its portfolio and strengthen operational fundamentals in the modern agricultural sector.
NPGF President Director, Ujang Suparman, explained that the development of water-soluble fertilizers is a response to the growing market demand for precision fertilization solutions.
"Agriculture is currently moving towards input efficiency and consistent results. Water-soluble products like MKP and KNO₃ are capable of providing a fast response and high absorption rates," he said.
According to Ujang, both products are completely chlorine-free, making them suitable for high-value commodities and sensitive crops. NPGF emphasized that the development of MKP and KNO₃ aligns with the national need to maintain stable agricultural and plantation production.
"Nutritional efficiency and production stability are part of our contribution to the food security agenda. High-purity products will help farmers and plantations achieve more consistent yields," Ujang added.
MKP fertilizer is high in phosphorus and potassium, ideal for flowering and fruiting, while KNO₃ provides nitrate nitrogen for direct plant uptake, as well as potassium for crop quality and storage.
The combination of these two fertilizers supports productivity and the specific nutritional needs of horticulture and plantations.
In terms of performance, NPGF projects that MKP and KNO₃ will begin to contribute gradually to sales from the first year of launch.
The company estimates that these two products will contribute a significant portion to sales growth by 2026, as the adoption of water-soluble fertilizers increases in the domestic market.
This contribution is expected to come from the agriculture and plantation segments, supported by the increasingly widespread adoption of various precision fertilizer application methods.
To support this target, NPGF has prepared a series of field tests, strengthened quality control with a solubility standard above 99%, and conducted technical education materials for distributors and marketing teams.
This approach is expected to accelerate market penetration while maintaining consistent product quality.
Ujang believes that the launch of MKP and KNO₃ has strategic significance for the company.
"We continue to gradually strengthen our product line and operational performance. Our focus is on providing relevant, modern, and long-term solutions for the agriculture and plantation sectors," he said.
The official launch is scheduled for the first quarter of 2026 and will be followed by a series of publications, demonstration plots, and fertilizer efficiency campaigns in various regions...
This step is part of the company's strategy to expand its portfolio and strengthen operational fundamentals in the modern agricultural sector.
NPGF President Director, Ujang Suparman, explained that the development of water-soluble fertilizers is a response to the growing market demand for precision fertilization solutions.
"Agriculture is currently moving towards input efficiency and consistent results. Water-soluble products like MKP and KNO₃ are capable of providing a fast response and high absorption rates," he said.
According to Ujang, both products are completely chlorine-free, making them suitable for high-value commodities and sensitive crops. NPGF emphasized that the development of MKP and KNO₃ aligns with the national need to maintain stable agricultural and plantation production.
"Nutritional efficiency and production stability are part of our contribution to the food security agenda. High-purity products will help farmers and plantations achieve more consistent yields," Ujang added.
MKP fertilizer is high in phosphorus and potassium, ideal for flowering and fruiting, while KNO₃ provides nitrate nitrogen for direct plant uptake, as well as potassium for crop quality and storage.
The combination of these two fertilizers supports productivity and the specific nutritional needs of horticulture and plantations.
In terms of performance, NPGF projects that MKP and KNO₃ will begin to contribute gradually to sales from the first year of launch.
The company estimates that these two products will contribute a significant portion to sales growth by 2026, as the adoption of water-soluble fertilizers increases in the domestic market.
This contribution is expected to come from the agriculture and plantation segments, supported by the increasingly widespread adoption of various precision fertilizer application methods.
To support this target, NPGF has prepared a series of field tests, strengthened quality control with a solubility standard above 99%, and conducted technical education materials for distributors and marketing teams.
This approach is expected to accelerate market penetration while maintaining consistent product quality.
Ujang believes that the launch of MKP and KNO₃ has strategic significance for the company.
"We continue to gradually strengthen our product line and operational performance. Our focus is on providing relevant, modern, and long-term solutions for the agriculture and plantation sectors," he said.
The official launch is scheduled for the first quarter of 2026 and will be followed by a series of publications, demonstration plots, and fertilizer efficiency campaigns in various regions...
PT Nusa Palapa Gemilang TbkSince its establishment in 2001 until now, the company has grown and developed very proudly.
KONTAK INFORMASI
Head Office and Factory:
Jl. Raya Daendles KM 56, Desa Banyutengah, Kecamatan Panceng, Kabupaten Gresik, Jawa Timur
Jl. Raya Daendles KM 56, Desa Banyutengah, Kecamatan Panceng, Kabupaten Gresik, Jawa Timur
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