IDX Records New History, Total Recorded Companies Reach 900 Issuers

Indonesian stock exchange (photo: dock. Antara)

JAKARTA PT Bursa Efek Indonesia (IDX) recorded a new achievement on Wednesday, November 8, by owning a total of more than 900 listed companies.

IDX President Director Iman Rachman conveyed that the achievement of the listed shares that had exceeded 900 was due to the collaboration of all stakeholders in the capital market, through the Initial Public Offering (IPO).

"Today is also a historic day for capital market travel, where today the number of companies has managed to reach more than 900 companies," said Iman at the IDX Main Hall, Wednesday, November 8.

As for today, there are three companies that listed their shares on the IDX, namely PT Kian Santang Muliatama Tbk (RGAS) as the 899th listed company, PT Mastersystem Infotama Tbk (MSTI) as the 900th listed company, and PT Ikapharmindo Putramas Tbk (IKPM) as the 901st listed company.

With the increase in the number of these three companies increasing the number of new companies recorded on the IDX by 77 this year with the total funds raised (fund raised) reaching Rp54.3 trillion.

Iman said that until now there are still around 27 companies lining up or on the pipeline for the IPO.

When viewed from this type of business, the listed shares on the IDX are currently dominated by the Consumer Cyclicalals sector which reached 16.9 percent of the total with 152 companies.

Several other sectors that dominate are the Consumer Non-Cyclicals, the Financials and Basic Materials sectors, respectively at 13.7 percent, 11.8 percent and 11.3 percent of the total companies listed on the IDX.

Meanwhile, geographically, the distribution of recorded IDX companies is still centered in DKI Jakarta, which is 71.4 percent of the total or a total of 643 listed companies.

The provinces with the most listed companies were West Java at 8.3 percent and Banten at 7.7 percent.

Iman said the IDX is optimistic that more and more companies from various business sectors in various regions of Indonesia will list their shares and use the capital market as a source of funding.

In addition, Iman added that various IDX efforts were made to recruit listed company candidates by providing education related to IPOs in the form of seminars, coaching clinics, masterclasses, one-on-one, either at the center or in the regions through the IDX Representative Office.

In the event of improving the quality of listed company candidates, the IDX has adjusted Regulation Number IA in 2021 regarding financial requirements and market capitalization which is expected to accommodate more various types of companies.

After the adjustment of the IA Regulation was implemented, the average market capitalization of the company was recorded at IDR 10.3 trillion or grew by 254.8 percent.

Meanwhile, the average amount of funds raised (fund raised) and assets reached IDR 837.7 billion and IDR 4.8 trillion, or grew 54.8 percent and 146.1 percent, respectively.

Iman said the Indonesian capital market has also provided e-IPO (e-ipo.co.id) facilities to make it easier for the wider community to participate in the Indonesian capital market, especially in the initial public offering process.

"This electronic arena was built not only for investors, but also for people who are interested in becoming investors in the primary market. People who are interested in becoming investors in the primary market can directly create securities accounts and transact through e-IPOs," he explained.

In the future, Iman hopes that more business owners will be enthusiastic about utilizing the Indonesian capital market as a source of business funding.

In addition, the IDX also hopes that stakeholders can increase active collaboration to develop a more advanced and global competitive Indonesian capital market, so that in the end it can strengthen the Indonesian economy.