OJK Targets IDR 10 Trillion Funds From 60 Companies That Will IPO

JCI (Photo: Doc Antara)

The Financial Services Authority (OJK) said there were already 60 companies that planned to conduct an initial public offering (IPO) in the pipeline for raising funds.

The Chief Executive of the Capital Market Supervisory, Derivative Finance and OJK Carbon Exchange, Inarno Djajadi, said that the trend of raising funds in the capital market is still high throughout 2023, as reflected in the achievement of raising funds of Rp255.33 trillion and even this value has passed the planned target.

"The raising of funds in the capital market reached Rp255.33 trillion with 83 new registered issuers. This collection has exceeded the 2023 target of Rp200 trillion," said Inarno at the RDK press conference, Tuesday, January 9.

Inarno said that fundraising through the capital market is still high as reflected in pipelines in the OJK. To date, in the OJK pipeline, 85 plans have been recorded with an estimated indicative value of IDR 28.68 trillion.

"There are still 85 public offering pipelines with an indicative estimate of Rp. 28.68 trillion, including the IPO plan of 60 new issuers," he explained.

As for the OJK public offering pipeline, there are still 85 public offerings, with details there are 60 companies that will hold an initial public offering or IPO with an estimated value of IDR 10.01 trillion.

Furthermore, namely the limited public offering or PUT as many as 11 companies, with an indicative value of IDR 5.40 trillion, then 8 public offering plans for 8 debt and sukuk with an indicative value of IDR 9.26 trillion, and finally there are 6 plans for issuing PUB EBUS Phase I, II with an indicative value of IDR 4.01 trillion.

For information, OJK targets the total fundraising in the capital market to reach IDR 175 trillion to IDR 200 trillion. This figure is not much different from last year's target.