Demand Soars, Superbank IPO Oversubscribed 318.69 Times
JAKARTA - The initial public offering of shares or Initial Public Offering (IPO) of PT Super Bank Indonesia Tbk (SUPA) recorded an oversubscribed demand of up to 318.69 times, with the number of investor requests reaching more than 1 million orders.
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Sucor Securities CEO Bernadus Wijaya said the surge in demand was a clear evidence of the market's high enthusiasm for SUPA's prospects as a digital bank.
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According to this achievement, it also confirms SUPA as one of the largest IPOs in the digital banking sector in Indonesia, as well as strengthening investor confidence in the direction of digital transformation of the national financial industry.
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He added that the enthusiasm of investors reflected in the high level of oversubscription was considered a strong signal of market confidence in the fundamentals, growth strategy, and long-term prospects of Superbank.
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"This positive momentum is getting stronger ahead of the listing of shares, along with the support of six securities companies that also amplify the achievement of Superbank IPO to the public," he said in a statement, December 16.
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Bernadus assessed that the high demand for Superbank's IPO was a positive signal for the Indonesian capital market.
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"IPO SUPA set a record with an oversubscription rate of 318 times and investor demand of more than 1 million orders. This reflects market confidence in the fundamentals and prospects of Superbank. This response indicates that investor appetite for IPOs in the digital banking sector is still very strong," he said.
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According to him, the high oversubscribed condition in the Superbank IPO is expected to have a positive impact on the liquidity of stock trading after listing, as well as being a catalyst for the development of the digital banking sector in Indonesia.
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With very strong demand ahead of the listing of shares, he continued, Superbank's IPO is one of the corporate actions that most attract investor attention at the end of 2025.
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In this corporate action, SUPA set the offer price at IDR 635 per share by releasing 1.4 billion shares.
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Through the IPO, the entities included in the Emtek Group have the potential to raise fresh funds of up to IDR 2.79 trillion.
Based on the prospectus, around 70 percent of the proceeds from the IPO will be used to strengthen working capital, particularly in the distribution of credit.
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Based on the prospectus, around 70 percent of the proceeds from the IPO will be used to strengthen working capital, especially in the distribution of loans.
Meanwhile, the rest is allocated for capital expenditure from 2026 to the next five years, including the development of funding and financing products, digital payment systems, information technology infrastructure, operational strengthening, investment in artificial intelligence and data analysis, and improvement of cyber security systems.