On the last trading day of 2017, Prima Cakrawala Abadi became the 37th company to make its trading debut on the Indonesia Stock Exchange this year. The company's shares immediately skyrocketed 69.33 percent to IDR 254 a piece, hence triggering the auto-rejection system. For Indonesia it was a great year in terms of initial public offerings (IPOs) on the Indonesia Stock Exchange. There are now 567 listed companies on the Indonesia Stock Exchange.

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Vessel guidance, sea freight and maritime services company Jasa Armada Indonesia, a subsidiary of state-owned port operator Pelabuhan Indonesia II (abbreviated Pelindo II), became the 36th company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2017. On Friday (22/12) the company made its trading debut on the local bourse.

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So far in 2017 a total of 35 companies have conducted an initial public offering (IPO) on the Indonesia Stock Exchange, the best result in recent history. Meanwhile, Samsul Hidayat, Director of Corporate Listing at the Indonesia Stock Exchange, said one more trading debut is expected to occur before the end of the year, to wit Jasa Armada Indonesia.

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Nadiem Makarim, Chief Executive Officer of Indonesian ride-hailing and logistics services provider Go-Jek, expects the company to conduct an initial public offering (IPO) within the next couple of years. Go-Jek, Indonesia's first billion-US dollar tech startup, offers various services to the Indonesian people, including transportation, delivery, lifestyle and payment services.

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Shipping company Pelita Samudera Shipping became the 31st company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2017. On Tuesday (05/12) the company made its trading debut and saw its shares rise 11.1 percent from IDR 135 a share to IDR 150 a piece (although earlier during the trading day its shares had peaked at nearly +70 percent).

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Despite the "political year" several Indonesia-based securities firms expect to see big appetite from local companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. In 2018, Indonesia will see a new round of regional elections (to determine local leaders) across the country. These elections are likely to trigger new political tensions, particularly as the country's legislative and presidential elections are to be held the following year.

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State-owned construction company Nindya Karya plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018 as the firm's corporate earnings have improved after its restructuring and revitalization programs. Nindya Karya business involves (1) general contracting, (2) engineering, procurement, Construction (EPC) and (3) realty.

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Indonesian mineral mining and processing company Kapuas Prima Coal became the 27th company to list on the Indonesia Stock Exchange in 2017. The company was the top gainer at its trading debut on Monday (16/10) as its shares soared 70 percent to IDR 238 a piece. This increase touched the upper limit hence triggering the automatic rejection system.

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While initial public offerings (IPOs) have rebounded in Indonesia this year, the total value of these IPOs is small. This shows that companies are still cautious amid uncertain domestic and global conditions and therefore sell a limited amount of shares at a competitive price.

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Garuda Maintenance Facility AeroAsia (GMF AeroAsia), an Indonesian company engaged in the aircraft maintenance repair and overhaul sector, made its trading debut on the Indonesia Stock Exchange on Tuesday (10/10). It was the 25th company that completed its initial public offering in Indonesia in 2017.

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Hospital operator and medical management services company Medikaloka Hermina made its trading debut on the Indonesia Stock Exchange on Wednesday (16/05) after having successfully completed its initial public offering (IPO). So far in 2018 a total of 14 companies have become publicly listed companies in Indonesia. Especially the month May has been rich in terms of IPOs. Meanwhile, up to 24 other companies are expected to be listed on the local bourse before the end of the first semester.

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Hospital operator Royal Prima made its trading debut on the Indonesia Stock Exchange on Tuesday (15/05) after having successfully completed its initial public offering (IPO). Royal Prima is the 13th company so far this year to became a publicly listed company in Southeast Asia's largest economy. There are now 578 companies listed on the Indonesia Stock Exchange. Danatama Makmur Sekuritas acted as lead underwriter.

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Surya Pertiwi, an Indonesia-based sanitary ware company and the exclusive distributor of TOTO sanitary products, made its trading debut on the Indonesia Stock Exchange on Monday (14/05). It is the 12th company that has completed its initial public offering (IPO) on the Indonesia Stock Exchange so far in 2018. There are now 577 publicly listed companies in Indonesia.

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Bank BRISyariah (BRISyariah), the Islamic finance unit of leading conventional financial institution Bank Rakyat Indonesia (BRI), received the green light from the Financial Services Authority (OJK) on April 30, 2018, to go-ahead with the company's planned initial public offering (IPO) on the Indonesia Stock Exchange. BRISyariah provided the following statement to Indonesia Investments:

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Indonesia-based trade, transportation and logistics services provider Indah Prakasa Sentosa became the fifth company to complete its initial public offering (IPO) on the Indonesia Stock Exchange in 2018. On Friday (06/04) the company made its trading debut on the local bourse, surging 50 percent to close at IDR 414 per share along the way. After the listing of Indah Prakasa Sentosa there are now 570 publicly-listed companies in Indonesia.

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LCK Global Kedaton, a telecommunication construction services company that was established in 2013, became the first company to make its trading debut on the Indonesia Stock Exchange in 2018. Mirae Asset Sekuritas acted as underwriter for the initial public offering (IPO). On Tuesday (16/01) the company was added on the local bourse.

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Shares of Campina Ice Cream Industry skyrocketed on its debut on the Indonesia Stock Exchange on Tuesday (19/12). In fact, it triggered the auto rejection system as shares surged rapidly by 49.70 percent to IDR 494 per share. Campina Ice Cream Industry is the 35th company to have conducted an initial public offering (IPO) on the Indonesia Stock Exchange in 2017.

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On Wednesday (11/10) Malacca Trust Wuwungan lnsurance became the 26th company that listed on the Indonesia Stock Exchange in 2017. The company, subsidiary of Singapore-based Malacca Trust Limited and linked to the family of former president Bacharuddin Jusuf Habibie, is one of the oldest insurance companies in Indonesia (established in 1952).

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E-commerce company Kioson Komersial Indonesia became the nation's first e-commerce startup to go public on the Indonesia Stock Exchange on Thursday (05/10). There was plenty of interest for the company during its trading debut as its shares rose 50 percent to IDR 450 a piece. The offering was more than 10 times oversubscribed. Local brokerage Sinarmas Sekuritas was the sole underwriter for the IPO.

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Garuda Maintenance Facility AeroAsia (GMF), the pioneer of MRO (Maintenance, Repair, and Overhaul) or integrated aircraft maintenance in Indonesia, is days away from becoming a publicly listed company, with GMF’s initial public offering (IPO) receiving effective statement today from Indonesia's Financial Services Authority (in Indonesian: Otoritas Jasa Keuangan, or OJK).

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