Plastic packaging manufacturer PT Asia Pramulia has announced plans to go public through an initial public offering (IPO) on the Indonesia Stock Exchange, offering 812 million shares, representing 29.9 percent of its issued and paid-up capital, set between Rp114 and Rp124 per share.
NH Korindo Sekuritas Indonesia has been appointed as the lead underwriter and administrative participant for the IPO. While the full prospectus has yet to be published, the company has outlined that 50 percent of the IPO proceeds (after deducting issuance costs) will be used to purchase production machinery. The new machines will support Asia Pramulia’s operations in packaging for beverages, food, paint, cosmetics, chemicals, pharmaceuticals, and utility support products.
The remaining 50 percent of the funds will be allocated for working capital, including operational expenses, labor costs, and procurement of raw materials such as PET (polyethylene terephthalate) and PP (polypropylene).
“Current raw material supply only supports existing production capacity. To support our expansion plans, we will purchase additional raw materials,” Asia Pramulia management said in the IPO notice on Saturday, June 21, 2025.
Established in 1991, PT Asia Pramulia is a manufacturing company engaged in plastic packaging with Stretch Blow Molding and Injection Molding processes.
The company’s product range includes bottles, jars, paint containers, and industrial packaging for various sectors such as bottled water, flavored beverages, cooking oil, biscuits, pharmaceuticals, cosmetics, chemicals, and seafood.
Asia Pramulia operates two factories: one in Surabaya and another in Pasuruan. The Surabaya facility houses 23 injection machines, 4 IML robotic units, and automated systems for induction sealing and cap folding.
It also includes 24 blow molding machines equipped with automatic leak testers and sticker applicators. The Pasuruan plant features 3 injection and 3 blow molding machines with similar automation.
Asia Pramulia markets its products primarily through a business-to-business (B2B) approach, expanding its reach to retail markets via a network of official distributors spread across Indonesia’s major cities.
“With over 30 years of experience and advanced technology, Asia Pramulia has become a key partner for industries ranging from bottled water to cosmetics and chemicals,” the company noted.
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