IDX Ensures Selective For Backdoor Listing Action At The Indonesian Capital Market

Director of Corporate Assessment of PT Bursa Efek Indonesia (IDX) I Gede Nyoman Yetna. (Photo: ANTARA)

JAKARTA - Director of Corporate Assessment of PT Bursa Efek Indonesia (IDX) I Gede Nyoman Yetna ensured that the IDX was selective towards backdoor listing in the Indonesian capital market.

He ensured that controlling shareholders (PSP) or new owners who carry out backdoor listings on the Indonesian capital market have the willingness to build and encourage the growth of issuers they acquire.

"What we are emphasizing is how to convince that the parties who enter are those who have the willingness to build the company, and secondly, they have assets to be able to boost the company's growth," said Nyoman as quoted by ANTARA, Monday, December 8.

He continued, the IDX also ensures that new PSPs are investors who have the capability, competence, and willingness to build the companies they acquire going forward.

"Of course, what we hope is that there are assets that are injected into it, thus providing changes to the company and ultimately giving back contributions to shareholders," said Nyoman.

Throughout 2025, there will be a trend of many small issuers on the IDX who are acquired by PSP or new investors, or carry out a backdoor listing process.

Issuers on the IDX who are acquired by the new PSP or investors, consist of various sectors, including the technology, mining, and property sectors.

Backdoor listing is a method for private companies to become public companies (listed on the IDX) by acquiring public companies that are already listed on the IDX, and not through Initial Public Offering (IPO) actions.

As of December 8, 2025, companies listed on the Indonesian capital market have reached 968 issuers, of which there are 25 new issuers throughout 2025.

In terms of pipelines, there are 12 companies in line for the IPO, consisting of 8 large-scale companies with assets above IDR 250 billion, two medium-scale asset companies between IDR 50-IDR 250 billion, and one small-scale asset company below IDR 50 billion.