Master Print (PTMR) Officially Listed on the Stock Exchange, Excess Share Demand up to 20.01 Times

Jakarta, 8 October 2024 – PT Master Print Tbk. (PTMR) officially listed its first shares on the Indonesia Stock Exchange (BEI) by releasing 435 million shares or the equivalent of 4,350,000 lots. In the initial public offering (IPO), PTMR shares were oversubscribed by up to 20.01 times the number of shares offered. Of the total share orders which reached 8.70 billion shares, PTMR only released 435 million shares, equivalent to 22.81% of the issued and fully paid capital after the IPO. With the IPO price set at IDR 128 per share, Master Print managed to raise fresh funds of IDR 55.68 billion.

Of the funds collected, around 46% or IDR 25.09 billion will be allocated to purchase 247,500 shares in PT Global Putra Kusuma, which is equivalent to 99% ownership. Meanwhile, the remaining 54% will be used for working capital, including purchasing inventory, printer machines and spare parts, as well as developing new products and marketing.

Master Print showed solid performance growth, posting a net profit of IDR 2.29 billion as of March 31 2024, an increase from IDR 1.85 billion in the same period the previous year. The company's sales also grew from IDR 20.87 billion in 2023 to IDR 26.79 billion in 2024.

Before the IPO, PT Mitra Pack Tbk held 99% of PTMR's shares, with the remaining 1% owned by Ardi Kusuma. PT Profindo Sekuritas Indonesia acted as underwriter for the securities issuance in this IPO.

Master Print, which was founded in 2006, operates as an official distributor and renter of packaging industry goods. The company's main products include packaging machines and materials for various sectors, including the food, pharmaceutical and packaging protection industries, as well as providing installation, after-sales and spare parts services. The company also partners with several well-known brands such as Tayiyeh, Rynan, Now System, Gurki, and Sealed Air in marketing products in Indonesia.