Dentons HPRP, a leading law firm in Indonesia, has reaffirmed its position as a frontrunner in the capital markets sector by successfully guiding a major Indonesian agrochemical company, PT Delta Giri Wacana Tbk. (“DGW”), through its successful Initial Public Offering (“IPO”). This milestone was led by Partners Erwin Kurnia Winenda and Rio Febrianus Pasaribu, supported by a skilled team including Senior Associate Rafi Andiandra Wardhana and Associates Beatrix Deviana Mukin, Jovanka Lingkanaya, and Yabunaya Salsabila Yuniar.

On the final day of 2024, DGW received its effective letter from the Indonesian Financial Services Authority (OJK), marking the green light for its debut listing. On January 13, 2025, DGW officially debuted its shares on the Indonesia Stock Exchange (IDX) under the ticker symbol DGWG. This pivotal IPO not only solidified the company’s market presence but also paved the way for enhanced capital access, propelling its growth and operational objectives.

As the holding company of DGW Group, DGW oversees subsidiaries that strengthen its position in Indonesia’s agrochemical industry. Among these, PT Dharma Guna Wibawa has been a market leader in the pesticides sector since 2001, ranking as the second-largest in Indonesia’s pesticides industry and the third-largest in the premium fertilizer industry as of 2023. DGW Group also excels in other key areas, including fertilizers, agricultural tools, seeds, and distribution, through its specialized subsidiaries. With modern facilities, skilled agronomy professionals, and an extensive distribution network, DGW Group remains at the forefront of the industry, fostering innovation and advancing agricultural sustainability.

The IPO was coordinated by joint lead underwriters PT Shinhan Sekuritas Indonesia, PT BRI Danareksa Sekuritas, and PT Samuel Sekuritas Indonesia. The public offering took place from January 3 to January 9, 2025, generating strong investor interest in DGW's future prospects. A total of 882,353,000 shares were offered at IDR 100 each, representing 15% of the company's fully paid capital. This offering successfully raised IDR 202,941,190,000 to enhance working capital and support operational initiatives.

Renowned for its extensive expertise in Capital Market practice, Dentons HPRP has consistently provided top-tier legal services to support corporations in achieving their strategic goals. Its commitment to excellence spans various industries and business challenges.

For more information about our capital market services and how we can assist your business needs, please contact the designated partner listed under key contacts.

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