The Indonesia Stock Exchange (IDX) has reported that 28 companies are planning to launch initial public offerings (IPOs) in the near future, including four large-scale companies with assets exceeding Rp250 billion (US$15.7 million).
The IDX also notes that four small-scale companies, each with assets below Rp50 billion, are preparing for the IPOs.
The remaining 20 prospective issuers fall into the medium-scale category, with assets ranging from Rp50 billion to Rp250 billion.
The pipeline of IPOs released by the IDX reveals that the majority of these companies are from the non-primary consumer sector, with five companies planning to go public. In contrast, the health and transportation sectors are each represented by only one company.
As of August 9, 2024, 34 companies have successfully listed their shares on the IDX.
“The total funds raised from these IPOs have reached Rp5.15 trillion,” I Gede Nyoman Yetna, IDX Director for Corporate Valuation, said in an official IDX release on Monday, August 12, 2024.
Nyoman also highlighted that 15 listed companies have conducted rights issues, raising a total of Rp34.42 trillion by August 9, 2024.
He added that there are currently 24 companies in the IDX’s rights issue pipeline.
IPO Sector Breakdown:
- 3 companies from the basic materials sector;
- 4 companies from the primary consumer sector;
- 5 companies from the non-primary consumer sector;
- 3 companies from the energy sector;
- 2 companies from the financial sector;
- 1 company from the healthcare sector ;
- 4 companies from the industrial sector;
- 2 companies from the infrastructure sector;
- 3 companies from the technology sector;
- 1 company from the transportation and logistics sector.
Rights Issue Sector Breakdown:
- 1 company from the basic materials sector;
- 8 companies from the primary consumer sector4 companies from the non-primary consumer sector;
- 4 companies from the energy sector;
- 5 companies from the financial sector;
- 1 company from the infrastructure sector;
- 1 company from the transportation and logistics sector.
