The Indonesia Stock Exchange (IDX) is set for a significant expansion as 28 companies line up for initial public offerings (IPOs), with 36 companies having debuted on the exchange so far this year, raising Rp5.42 trillion from IPOs.
According to I Gede Nyoman Yetna, IDX’s Director of Corporate Valuation, most of these upcoming listings are mid-sized companies, primarily from the non-cyclical consumer and energy sectors.
This trend reflects the market’s current appeal across a range of industries.
“We currently have 28 companies in the IPO pipeline on the IDX,” Yetna said on October 26, 2024.
Breaking down the asset scale, there are 16 large companies with assets over Rp250 billion, ten mid-sized companies with assets between Rp50 billion and Rp250 billion, and two smaller firms with assets under Rp50 billion. The sectors represented include:
- Basic materials: 3 companies;
- Consumer cyclicals: 2 companies;
- Consumer non-cyclicals: 5 companies;
- Energy: 5 companies;
- Financials: 3 companies;
- Healthcare: 3 companies;
- Industrials: 2 companies;
- Infrastructure: 1 company;
- Property & Real Estate: 3 companies;
- Transportation & Logistics: 1 company;
- Technology: 0 companies.
Beyond IPOs, the IDX also reports an active market for debt securities. Up to October 25, 2024, a total of 118 debt securities and sukuk (Islamic bonds) have been issued by 65 issuers, raising Rp109.6 trillion.
There are currently 19 more issues in the pipeline from 14 issuers. These bond issuances also cover a range of industries:
- Basic materials: 3 issuers;
- Consumer cyclicals: 1 issuer;
- Energy: 2 issuers;
- Financials: 4 issuers;
- Industrials: 1 issuer;
- Property & Real Estate: 1 issuer;
- Transportation & Logistics: 2 issuers;
- Consumer non-cyclicals, Healthcare, Infrastructure, Technology: 0 issuers.
As IDX continues to attract diverse companies across sectors, it underscores Indonesia’s capital market growth and appeal to investors in a dynamic economic landscape.
