IDX Targets Companies To Be Assets Above IDR 3 Trillion For IPO This Year

JAKARTA - PT Bursa Efek Indonesia (IDX) targets as many as three large-scale rice companies above IDR 3 trillion to hold an Initial Public Offering (IPO) in the Indonesian capital market during 2024.

IDX Corporate Assessment Director I Gede Nyoman Yetna categorizes the large-scale rice company above IDR 3 trillion as a lighthouse company or a lighthouse company.

"We are targeting 3 (companies) lighthouses, of course that is minimal. In terms of the total number of effects from 200 to 250," said Nyoman during a doorstop session at the IDX Building, SCBD Jakarta area, quoted from Antara, Thursday, February 15.

In terms of character, he continued, large-scale rice companies are one of them in terms of free float (share owned by the public) at least 15 percent.

"The character is at least 15 percent in terms of free float," said Nyoman.

He ensured that the IDX continued to approach the large-scale rice companies, including state-owned enterprises (BUMN) and their subsidiaries.

"In principle, we will approach everything that is big. In which capacity, we will see the progress. I always convey the sector every week and later when it is entered, it will be ready when pre-effective is delivered," said Nyoman

The latest IDX report, as of February 7, 2024, recorded that 24 companies were in the pipeline to hold an initial share offer or IPO on the IDX.

Of the 24 companies in the IPO queue, Nyoman detailed 17 medium-scale rice fields between Rp50 billion to Rp250 billion, four large-scale rice fields. above Rp250 billion, and three small-scale rice companies below Rp50 billion.

On the other hand, as of Thursday (15/02) today, 18 companies have officially listed shares or IPOs on the IDX during 2024.