Wow! Stock Exchange Records Company Plans To Raise Funds From Shares, Rights Issues, And Issuance Of Debt Instruments Reaching IDR 84.2 Trillion

Illustration of stock listing on the Stock Exchange. (Photo: Doc. Antara)

JAKARTA - The Indonesia Stock Exchange (IDX) will see more new listed companies (issuers) arrive. As of Monday, June 6, IDX has pocketed at least 43 company names.

"The total planned fund is IDR 14.1 trillion," said IDX Director of Corporate Valuation I Gede Nyoman Yetna to reporters.

Nyoman detailed that of the 43 companies, nine of them came from the non-cyclical consumer sector and eight from the consumer cyclicals sector. Meanwhile, there are five from the infrastructures sector, four from transportation and logistics and four from the properties and real estate sector.

In addition, there are also three companies from the basic materials sector, three from the industrials sector, and three from the energy sector. The rest, two from technology companies, and two from the healthcare sector.

On the other hand, Nyoman also revealed that up to June 3, 2022, the IDX's pipeline rights issue currently has 33 companies with an estimated fund raised of IDR 25.2 trillion.

"Meanwhile, in the pipeline for recording debt securities and sukuk, there are 36 issuances which are planned to be issued by 30 companies with an estimated total fund raised of IDR 44.9 trillion," said Nyoman.

That way, the total fundraising plan from the initial public offering (IPO), rights issue, to debt securities and sukuk in the remainder of this year could reach IDR 84.2 trillion.

Nyoman assessed that, based on the Securities pipeline data that will be listed on the IDX, it indicates the interest of companies that plan to make funding through the capital market, either in the form of shares, debt securities and sukuk are conducive," Nyoman added.

In fact, until June 3, 2022, the number of companies and the value of fundraising in the pipeline for listing shares, debt securities, and sukuk have increased by an average of around 50 percent compared to the same period the previous year.

"Based on our records as of June 3, 2022, the number of companies in the share listing pipeline is the highest in the last three years," Nyoman added.