Gunanusa Eramandiri (GUNA) Officially Listed on the Indonesian Stock Exchange

In a step that is an important historical milestone for Gunanusa Eramandiri (GUNA), Ivan said that this Initial Public Offering (IPO) marked the company's transformation from a small family business to a public entity. With this new status, GUNA has access to finance and a wider business network, opening up opportunities to maximize rapid market growth, especially in meeting the needs of business actors and society more effectively and efficiently. The funds obtained from this initial public offering of shares, after deducting emission costs, will be used for working capital (operational expenditure), especially for purchasing raw materials for almonds and peanuts.

Ivan explained that the main raw materials purchased using IPO funds were almonds and peanuts. The harvest of almonds occurs once a year, namely from August to October, when prices reach their lowest point. The peanut harvest occurs twice a year, in February and September to October. "Therefore, this corporate action aims to buy as many raw materials as possible when the prices are cheap, considering the importance of the need for raw materials to meet customer demand," said Ivan.

Almonesia and John Farmer products from GUNA have become the main ingredients in various food, beverage and hospitality industries (hotels, restaurants, cafes and bakeries). GUNA establishes business to business (B2B) collaboration with several large food and beverage producers such as PT Mayora Indah Tbk, PT Unilever Indonesia Tbk, PT Perusahaan Industri Ceres (Delfi Group), PT Indofood CBP Sukses Makmur Tbk, PT Nippon Indosari Corpindo Tbk, and other. In addition, GUNA produces almond and peanut snacks which are marketed under its business partner brands, such as Indomaret packaged almond and peanut products.

Based on data as of February 2024, the number of Indomaret outlets reached 22,414 units, making GUNA confident that their almond packaged food products are leading in terms of distribution. In 2023, GUNA recorded sales of IDR 1.4 trillion with a net profit of IDR 94.8 billion. Most of these sales were obtained from GUNA and its two subsidiaries, namely PT Mitrapack Eramandiri and PT Cubic Indonesia. PT Mitrapack Eramandiri is engaged in manufacturing consumer goods based on contracts to supply goods to business partners, while PT Cubic Indonesia is engaged in the field of cubic printing technology decoration for various industries such as automotive, electronics and household appliances.

Gunanusa Eramandiri was founded by Gunawan Tjokro in 1993 with a focus on producing quality peanuts in a 1,000 m² factory. Shareholders are committed not to sell some or all of GUNA's shares within eight months of the IPO (lock up). Gunawan and Ivan as controllers and ultimate beneficial owners will remain in control for at least 12 months after the IPO.

In nearly two decades, GUNA has expanded its products while remaining focused on the nuts category, adding cashews, almonds and hazelnuts to the list. GUNA now has three factories with a total area of ​​more than 20,000 m² located in Bekasi International Industrial Estate Hyundai (BIIE), Cikarang, West Java.