The Indonesia Stock Exchange (IDX) has announced that three large-scale companies are in the pipeline to go public through initial public offerings (IPOs), including one owned by a prominent Indonesian conglomerate.

IDX President Director Iman Rachman revealed that a conglomerate-owned firm is scheduled to list its shares in the second half of 2025. However, he did not disclose which sector the company operates in.

"Yes, there is (a conglomerate IPO), but I don’t recall the exact number," Iman told a press conference at the IDX Building in Jakarta on Monday, August 4, 2025.

IDX Director of Company Valuation, I Gede Nyoman Yetna, reported that a total of four companies are currently in the IPO pipeline. These are categorized based on asset scale according to Financial Services Authority (OJK) Regulation No. 53/POJK.04/2017.

Among them, one company is classified as medium-scale, with assets between Rp50 billion and Rp250 billion (US$15.3 million). The remaining three are categorized as large-scale, with assets exceeding Rp250 billion. Notably, there are no small-scale companies (with assets under Rp50 billion) currently in the pipeline.

“As of August 1, 2025, a total of 22 companies have listed their shares on the IDX, raising Rp10.39 trillion,” Nyoman noted in his official report, published on Monday, August 4, 2025.

The breakdown of companies waiting for IPOs by sector is as follows:

• 2 companies from the basic materials sector;
• 1 company from the financial sector;
• 1 company from the transportation and logistics sector;
• 0 companies from other sectors including consumer cyclicals, non-cyclicals, energy, healthcare, industrials, infrastructure, property and real estate, and technology.

This surge in IPO interest, particularly from large-scale firms, underscores continued investor confidence and the evolving strength of Indonesia’s capital markets.