PT Jobubu Jarum Minahasa TBK has completed an IPO in the amount of IDR 176 billion.

PT Jobubu Jarum Minahasa Tbk is an Indonesia-based company that is primarily engaged in producing alcoholic beverages, which include Cap Tikus and Soju. The Company’s products include the 1978 Rat Cap, Daebak Soju and Daebak Spark. In producing Cap Tikus products, the Company cooperates with approximately 30,000 palm oil farmers in North Sulawesi. Its 1978 Rat Cap products include Cap Tikus 1978 Original and Cap Tikus 1978 Coffee. The Company’s Daebak Soju variant includes original grandmaster, grape, lemon, peach, lychee and mango. The Company’s Daebak Spark variant includes iced lychee tea, iced lemon tea, green grape, mango punch, blood orange and mixed berries.