IDX: IPOs In The Capital Market Can Give Small-Scale Company Opportunities To Increase Business

Illustration. (Photo: Doc. Antara)

JAKARTA - Director of Corporate Assessment of PT Bursa Efek Indonesia (IDX) I Gede Nyoman Yetna conveyed that the Initial Public Offering (IPO) in the Indonesian capital market could provide opportunities for companies with small and medium scale assets to increase their business scale.

Through the IPO, he continued, companies can also raise public funds, accelerate growth, and accelerate the implementation of the Good Corporate Governance (GCG) aspect.

"By going public, the company also has the opportunity to get tax incentives in the form of reducing the corporate Income Tax (PPh) rate," Nyoman told the media crew, quoted in Jakarta, quoted by Antara, Tuesday, May 27.

Furthermore, through the IPO, the company's shareholders can get tax incentives when carrying out share buying and selling transactions, the nominal amount will be lower than the tax that must be issued when the company is still in closed status.

"Companies with small and medium-scale assets that go public will also get benefits in the form of increasing trust from the public and potential partners as an impact on the implementation of GCG which is one of the conditions in the go public process," said Nyoman.

Nyoman ensured that the IDX will continue to encourage companies with small and medium-scale assets that have good growth potential to go public.

"We hope that the Indonesian capital market can become a growth house for companies, including companies with small and medium scale," said Nyoman.

The IDX has several initiatives to encourage companies with small and medium scale assets to go public, one of which is the presence of the IDX Incubator program.

"In this program, the inmates will obtain comprehensive information regarding processes, requirements, and things that must be considered in preparing to go public," said Nyoman.

In addition, the IDX held intensive discussions with owners and company management in Indonesia to go public, and held public workshops/seminar/master class/coaching clinics in various cities in Indonesia.

Then, also carry out education about going public through social media, go public pages, news reports, testimonial videos and public animation, as well as the preparation of a go public guidebook, and one-on-one assistance in preparation to go public for potential IPO companies.

In addition, the IDX also has an Acceleration Board which is a special-designed recording board for small and medium-scale asset companies with requirements under the Development Papan, and there are other incentives on the Acceleration Board such as lower initial and annual recording fees.

To date, the IDX noted that there are 228 companies with small and medium-scale asset criteria (assets below Rp250 billion) that have IPOs, of which 44 companies are listed on the Acceleration Board.

As of May 23, 2025, there were 20 companies in line for IPOs on the IDX, including 11 companies in the middle asset category, seven companies in the big asset category, and two companies with small assets.

OJK (POJK) Regulation No 53/POJK.04/2017 categorizes the listed companies to three, including small-scale assets (not more than Rp50 billion), medium-scale assets (more than Rp50 billion to Rp250 billion), and large-scale assets (above Rp250 billion).