Capital Market Detained In Gratification Case, IDX Reveals Issuer IPO Process Has Fulfilled Applicable Provisions

IDX President Director, Iman Rachman. (Aris Nurjani / VOI)

JAKARTA - The Indonesia Stock Exchange (IDX) has revealed that all listed companies through the initial public offering (IPO) process have met applicable terms and requirements.

The President Director of the IDX, Iman Rachman, said that in the recording evaluation process, he did not only look at the formal aspects of the recording requirements.

According to Iman IDX, it also evaluates substantial aspects such as business sustainability or going concern, controlling reputation, reputation of the board of directors and commissioners, as well as prospects for the growth of potential companies to be recorded.

"We ensure that the listed companies are indeed eligible, so far the IPO companies have met the recording requirements," said Iman to reporters at the IDX Building, Jakarta, Friday, September 6.

Iman added that the IDX continues to maintain the relevance of recording regulations by taking into account the current conditions in the capital market that continue to grow.

According to Iman, various initiatives were carried out in order to improve the quality of companies listed on the stock exchange, including currently in the process of adjusting recording regulations aimed at increasing the minimum requirements for companies that wanted to be listed on the IDX.

Iman also said that various initiatives were carried out in order to improve the quality of recorded Companies. This includes adjustments to recording regulations that increase the minimum requirements to become listed companies on the IDX.

In line with this, Iman said that until September 5, 2024, 34 companies had registered their shares on the IDX and there were still 25 companies in the IPO pipeline.

The total funds raised to date are IDR 5.2 trillion, although this figure has decreased compared to the previous year. According to Iman, when compared to other exchanges in the ASEAN region, it is still the highest throughout 2024.

"BEl has consistently recorded the highest recorded number of company growth in the ASEAN region since 2018," he said.