IDX Says There Are 17 Companies Queue For IPO

IDX Corporate Assessment Director Gede Nyoman Yetna. (Photo: Doc. Antara)

PT Bursa Efek Indonesia (IDX) noted that 17 companies were in the pipeline for the Initial Public Offering (IPO) in the Indonesian capital market.

"As of March 1, 2024, 19 companies have listed shares on the IDX with funds raised at IDR 3.45 trillion," said IDX Corporate Assessment Director I Gede Nyoman Yetna in Jakarta, quoted from Antara, Monday, March 4.

Of the 17 companies in the IPO queue, Nyoman explained that as many as 14 medium-scale rice companies were between IDR 50 billion to IDR 250 billion, two large-scale rice companies were above IDR 250 billion, and one small-scale rice company was below IDR 50 billion.

Based on the sector, he explained five industrial sector companies, four primary consumer goods sector companies, three technology sector companies, two raw goods sector companies, two non-primary consumer goods sector companies, and one infrastructure sector company.

For the issuance of Debt and Sukuk (EBUS) Securities, he revealed that so far this year 15 emissions have been issued from 13 EBUS publishers with funds raised reaching Rp15.3 trillion.

Thus, the total EBUS recorded on the IDX is currently totaling 549 emissions, with outstanding IDR 467.34 trillion and US$32.362 million issued by 128 companies.

Meanwhile, for Government Securities (SBN), 186 series were recorded on the IDX, with a nominal value of Rp5,810.39 trillion and US$502.10 million, plus Asset-Used Securities (EBA) of 10 emissions worth Rp3.25 trillion.

Furthermore, Nyoman explained that there are four listed companies that have issued a right issue so far this year, with a total value of IDR 3.08 trillion.

"There are still 24 companies listed in the IDX rights issue queue," said Nyoman.

Indonesia's capital market is optimistic that the number of listed companies on the IDX can reach 1,000 issuers this year, where currently there are 922 issuers, with 17 companies in the IPO queue.

This means that the Indonesian capital market needs as many as 61 more companies to submit documents in order to hold the initial listing of shares on the IDX.