UGM campus-owned company is ready to go public on the stock market, targeting Rp45 billion.

PT Gama Multi Usaha Mandiri (Gama Multi Group), a holding and investment company owned by Universitas Gadjah Mada (UGM), has announced plans to conduct an initial public offering (IPO) on the Indonesian capital market. The university-affiliated enterprise is targeting to raise approximately Rp45 billion through the stock offering.

The corporate move represents a significant step for a campus-owned business entering the public financial market to secure capital expansion and investment funding through public share issuance.