IDX Confident The Number Of Companies Whose IPO Will Set Another Record In 2023

Indonesia Stock Exchange (Photo: Doc. Antara)

JAKARTA - PT Bursa Efek Indonesia (IDX) believes that newcomers to the stock exchange will again break new records this year.

Director of Corporate Assessment of the Indonesia Stock Exchange (IDX) I Gede Nyoman Yetna said, as of Monday, August 7, 55 companies held Initial Public Offering (IPO) on the IDX, with funds raised reaching IDR 48.8 trillion.

Previously, the IDX had broken records by registering 59 newcomer companies in the Indonesian capital market in 2022, or the most since 1992 (since the privatization of the IDX).

"Hopefully the total number of listed companies this year will break the record again, because today's number is 55," said Nyoman in front of the media crew at the IDX Building, Jakarta, Monday.

Nyoman revealed that there are still 36 prospective issuers lining up for the IPO, of which the Micro, Small and Medium Enterprises (MSMEs) sector will be listed on the development board.

"There are seven more that will be listed this week," said Nyoman.

Of the 36 companies, 10 large-scale asset companies were above Rp250 billion, 22 medium-scale asset companies were between Rp50 billion to Rp250 billion, and 4 small-scale asset companies were below Rp50 billion.

This year, the IDX targets companies listed on the Indonesian capital market as many as 57 issuers.

The IDX also revised the target for the number of new securities recorded on the floor throughout 2023 to 200 companies in all instruments, or a significant increase from the original target of 130 companies.

Meanwhile, the instruments in question include stocks, bonds, warrants, new collective investment contracts that record exchange-trained funds (ETF), real estate investment funds (DIRE), and asset-backed securities (EBA).

"Bursa pays attention and efforts to all instruments," said Nyoman.