YOGYAKARTA Initial Public Offering (IPO) is a condition in which companies can offer and sell shares openly on the stock exchange. IPO is one way for companies to get fresh funds so that development can be carried out. In order to be listed, the requirements for IPO companies are quite strict, especially regarding the completeness of documents.
In Indonesia, the listing of company shares (listing) on the securities exchange is carried out through the Indonesia Stock Exchange (IDX). IDX also regulates what the requirements are so that the company can IPO. Launching from the IDX Share Registration Requirement Guide Form, here are the IPO requirements in Indonesia.
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The way the IPO company is explained is through the Go Public Guide published by the Indonesia Stock Exchange (IDX) through the IDX Go Public Team.
At this stage, prospective companies must make internal preparations, including determining the long-term business plan as well as estimating the required funds, determining the percentage of shares to be offered.
In addition, companies need to form an internal team that controls aspects of finance, law, and business operations, and appoint external professionals.
After the initial preparations have been made, the company needs to hold a General Meeting of Shareholders (GMS). The goal is for all shareholders to agree with the plan to go public which will be carried out internally by the company.
Don't forget to prepare the various required documents such as the prospectus, audited financial reports, legal due diligence reports, and financial projections. This document is required during IPO registration on the IDX.
Registration and application are carried out by submitting a Registration Statement to the Financial Services Authority (OJK) and submitting an Application for Share Registration to the IDX. The company must obtain principle approval from the IDX and a publication permit from the OJK.
Companies can start conducting public offerings for the first time. This stage involves several processes, one of which is bookbuilding, namely gathering investor interest and then determining the share price to be offered.
After the public offering is successful, the company can submit a request for listing shares to the IDX. Later the IDX will approve and at the same time announce share listing activities that lead to trading.
If the company has an IPO, there are various obligations that must be fulfilled, such as financial reports and information disclosure.
Those are the requirements of the IPO company on the IDX. Visit VOI.id to get other interesting information.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
