The Indonesia Stock Exchange (IDX) has reported an impressive Rp149.4 trillion (US$9.5 billion) in funds raised through the capital market up to October 2024, a record-breaking milestone in the exchange’s history.
This substantial sum encompasses a variety of financial instruments, including debt securities, sukuk (Islamic bonds), equity listings, and rights issues.
IDX’s Director of Corporate Valuation, I Gede Nyoman Yetna, said this year has seen the listing of 36 new companies on the exchange, collectively contributing Rp5.42 trillion through equity issuances.
“In addition, there were 118 debt and sukuk issuances by 65 companies, totaling Rp109.6 trillion, while rights issues conducted by 15 companies added another Rp34.42 trillion,” Yetna said on October 27, 2024.
Looking ahead, 28 companies are in the pipeline for listing, indicating continued growth and activity in the market. Among these, two are small-scale enterprises (with assets under Rp50 billion), 10 are mid-sized firms (with assets between Rp50 billion and Rp250 billion), and sixteen are large enterprises (with assets exceeding Rp250 billion).
These firms represent a diverse range of industries, including basic materials, consumer sectors, energy, finance, healthcare, industry, infrastructure, real estate, and transportation.
In addition to the expected new equity listings, the IDX has 19 pending debt and sukuk issues from 14 issuers and nine companies awaiting rights issue approval.
This significant pipeline highlights the IDX’s role as a critical driver for capital growth in Indonesia and underscores the country’s increasing appeal as a destination for investment.
As the IDX continues to attract a wide variety of issuers across industry sectors, its growth momentum is poised to continue, reflecting the broader economic expansion and market opportunities within Indonesia.
