Release Shares To Public, Seven Companies Raise Funds Of Rp2.1 Trillion

Illustration. (Photo: Doc. Antara)

JAKARTA - The capital market is one of the places to seek funding for companies. One way is to release shares to the public.

As has been done by seven companies throughout January - February 17 this year. The Indonesia Stock Exchange (IDX) records that the seven new publicly listed companies (issuers) managed to raise Rp2.1 trillion in funds through an initial public offering (IPO).

This statement was conveyed by IDX's Director of Corporate Valuation I Gede Nyoman Yetna, Friday, February 18.

"As of February 17, 2022, there have been seven companies listed on the IDX with a total fund raised of IDR 2.1 trillion. Until now, there are 23 companies in the IDX share listing pipeline," said Nyoman.

Of the seven issuers in question, five of them were recorded throughout January. They are PT Adaro Minerals Indonesia Tbk, PT Semacon Integrated Tbk, PT Autopedia Sukses Lestari Tbk, PT Net Visi Media Tbk, and PT Mitra Angkasa Sejahtera Tbk.

Meanwhile, two others were recorded in February, namely PT Champ Resto Indonesia Tbk and PT Nusatama Berkah Tbk.

The 23 companies in the IDX pipeline come from several sectors. Three companies from the industrials sector, one company from the transportation & logistics sector, two companies from the consumer non-cyclicals sector, five companies from the consumer cyclicals sector.

Then, there are four companies from the technology sector, one company from the healthcare sector, two companies from the energy sector, four companies from the property & real estate sector, and one company from the infrastructures sector.

"We welcome all types and sizes of companies to be able to take advantage of the capital market as an alternative funding, including in this case companies from the technology sector," said Nyoman.

As is known, there is currently about one company in the process of offering shares, namely PT Adhi Commuter Properti Tbk. Meanwhile, four companies, namely PT Sumber Mas Konstruksi Tbk, PT Nanotech Indonesia Global Tbk, PT Sumber Tani Agung Resources Tbk, and PT Bike Bersama Indonesia Tbk are in the process of forming share prices.