Indonesian rice producer Buyung Poetra Sembada will offer 710 million new shares, or 30.08 percent of the company's expanded capital, to the market through an initial public offering (IPO) on the Indonesia Stock Exchange. The new shares will be offered at between IDR 420-500 per share, hence aiming to raise up to IDR 355 billion (approx. USD $26 million), in December 2015. Buyung Poetra Sembada is a rice producer known for its Topi Koki brand. Underwriter for the offering is Bahana Securities.

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Construction firm Indonesia Pondasi Raya plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in December 2015. The company, better known as Indopora, aims to raise around IDR 530 billion (approx. USD $39 million) by offering 303 million shares, or 15.1 percent of its paid-up capital, at a price ranging between IDR 1,280 and IDR 1,920 per share. This range is based on a price-to-earnings ratio of 8 to 12 times. Kurnia Salim, Head of Institutional Business at Yuanta Securities Indonesia, said Indopora is projected to collect IDR 333 billion (approx. USD $25 million) in net profit in 2016.

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Today Mitra Komunikasi Nusantara made a successful trading debut on the Indonesia Stock Exchange. The company, a prepaid mobile credit wholesaler, became the 14th Indonesian company to conduct an initial public offering (IPO) on the IDX this year. Offered at an initial price of IDR 200 (approx USD $0.01) per share, the price rose 70 percent at its trading debut, finishing at IDR 340 per share. Mitra Komunikasi Nusantara is engaged in the trading and sales of smartphones, gadgets, and voucher reloading.

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The economic slowdown and looming capital outflows related to higher US interest rates have been the main reasons why it is highly unlikely for the Indonesia Stock Exchange (IDX) to achieve its revised target of seeing 22 companies conducting an initial public offering (IPO) on the IDX in 2015. So far this year, only 13 companies have listed on the IDX. However, reportedly, there are still about a dozen local companies interested to prepare an IPO in the next two months.

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Most Asian stock markets are strengthening on Friday after indices on Wall Street rose yesterday on strong US economic growth. The US economy grew 3.7 percent (y/y) in the second quarter of 2015 (much higher than the 2.3 percent estimated previously). As a result, the Dow Jones Industrial Average surged 2.27 percent while global oil prices rebounded over 10 percent on Thursday (27/08).

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On Wednesday (12/08), Bank Harda Internasional became the 12th company to list on the Indonesia Stock Exchange (IDX) in 2015. The bank released 800 million shares to the public at a price of IDR 125 (USD $0.01) per share hence raising IDR 100 billion (USD $7.2 million) through the initial public offering (IPO). Despite harsh conditions - the benchmark Jakarta Composite Index fell 2.66 percent during the first trading session on Wednesday - shares of Bank Harda Internasional (with IDX code BBHI) rose 3.2 percent to IDR 129.

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Pada hari Selasa (14/07), perusahaan konstruksi dan pengembang properti Binakarya Jaya Abadi menjadi perusahaan ke-11 yang didaftarkan di Bursa Efek Indonesia (BEI) di 2015. Perusahaan ini menawarkan 150 juta saham, 25% dari modal ditempatkan dan disetor penuh dalam penawaran saham perdana (initial public offering/IPO) dengan harga penawaran Rp 1.000 per saham, mengumpulkan Rp 150 miliar. Kendati sentimen pasar lemah, saham perusahaan ini naik 50% dalam debut perdagangannya di BEI. RHB OSK Securities adalah underwriter untuk IPO ini.

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Penyedia solusi teknologi informasi Anabatic Technologies, menjadi perusahaan ke-10 yang mendaftarkan diri di Bursa Efek Indonesia (BEI) di 2015. Dengan menjual 375 juta saham, atau 20% dari modal ditempatkan dan disetor penuh dalam IPO, Anabatic Technologies mengumpulkan Rp 262,5 miliar. Dalam penawaran saham perdana (initial public offering/IPO) 10% dari saham Anabatic dibeli oleh penyedia solusi teknologi informasi asal Jepang TIS. Melalui kemitraan ini, Anabatic memprediksi akan memperluas bisnisnya di luar Indonesia.

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Shares of Indonesian mining company Merdeka Copper Gold rose about 15 percent on its trading debut on Friday (19/06). The company, a subsidiary of Saratoga Capital, was the sixth company to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2015. Head of Finance and Corporate Secretary Ellie Turjandi said that Merdeka’s shares had been oversubscribed nearly 40 times during the public offering (11-15 June 2015), reflecting investors’ confidence even though the company has not yet begun production.

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Maskapai penerbangan berbiaya rendah Indonesia AirAsia, unit lokal dari AirAsia yang bermarkas di Malaysia dan salah satu maskapai penerbangan berbiaya rendah unggulan di dunia, akan berusaha mengumpulkan 250 juta dollar AS selama dua tahun ke depan melalui sebuah penawaran saham perdana (initial public offering/IPO) di Bursa Efek Indonesia (BEI) serta penerbitan obligasi konversi. Obligasi ini senilai 110 juta dollar AS (yang akan memiliki tingkat kupon rendah dengan waktu jatuh tempo 2 tahun), sementara IPOnya (yang dijadwalkan untuk 2017) diprediksi untuk menghasilkan sekitar 150 juta dollar AS.

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Before the end of the year, fast-moving consumer goods (FMCG) company Kino Indonesia plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company aims to raise around IDR 1 trillion (approx. USD $74 million) by offering 228.6 million new shares, equivalent to 16 percent of its enlarged capital, to the public. The price range of has been set between IDR 3,750 and IDR 5,225 per share. Credit Suisse, Deutsche Bank and Indo Premier Securities launched the float on Tuesday (10/11) with book-building to continue until 20 November.

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Bursa Efek Indonesia (BEI) menyambut Garuda Metalindo sebagai perusahaan ke-9 yang didaftarkan di BEI sejauh ini di tahun 2015. Pendaftarannya sukses dan saham perusahaan ini, diperdagangkan dengan simbol ticker BOLT, naik 50% pada debut perdagangannya. Garuda Metalindo adalah perusahaan manufaktur mur dan baut untuk industri otomotif dan saat ini memiliki dua pabrik di Tangerang dan Kapuk (Jawa). Klien-klien dari perusahaan ini termasuk Astra Honda Motor, Kawasaki Motor, Krama Yudha Tiga Berlian Motor, dan Suzuki Indomobil Motor.

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Mega Manunggal Property, sebuah pengembang dan penyedia fasilitas logistik Indonesia, mendaftarkan sahamnya di Bursa Efek Indonesia (BEI) pada hari Jumat (12/06) dan karenanya menjadi perusahaan keenam yang telah melaksanakan penawaran saham perdana (IPO) di BEI tahun ini sehingga jumlah total perusahaan yang terdaftar di BEI menjadi 511 perusahaan. Mega Manunggal Property menawarkan 1,7 miliar saham, atau 30% dari modal saham yang persen dari jumlah saham yang ditempatkan dan disetor, dengan harga Rp 585 per saham maka mengumpulkan Rp 1 triliun.

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Several Indonesian companies decided to delay their initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2014 due to great political uncertainties brought about by Indonesia’s ‘political year’ (legislative and presidential elections). Moreover, sluggish global economic growth, slowing domestic growth as well as the scrapping of the Federal Reserve’s quantitative easing program impacted on investors’ confidence. Therefore, only 20 companies conducted an IPO last year. This year we should see more IPOs in Indonesia.

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Prospek untuk penawaran saham perdana (IPO) di Indonesia positif pada 2015, atau, setidaknya lebih positif dibandingkan tahun 2014 yang merupakan ‘tahun politik’ Indonesia (karena pemilihan legislatif dan presiden) sehingga menyebabkan ketidakjelasan di pasar akibat kondisi politik. Meskipun begitu, pertumbuhan ekonomi negara yang melambat dan ancaman capital outflow yang disebabkan oleh prediksi pengetatan moneter lebih lanjut di AS sebelum akhir tahun, telah membuat para pelaku pasar berhati-hati. Bursa Efek Indonesia (BEI) memprediksi total 32 pendaftaran baru di 2015, naik dari 20 di tahun lalu.

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Mitra Keluarga Karyasehat, operator rumah sakit dan unit usaha dari Grup Kalbe, menargetkan untuk meraup Rp 4,2 trilliun dalam penawaran umum perdana (IPO) di Bursa Efek Indonesia (BEI) pada Maret 2015. Perusahaan ini akan menawarkan 261,9 juta saham, setara dengan 18% dari modal ditempatkan dan disetor penuh perseroan. Lima persen dari total saham ini adalah saham baru, sementara 13% adalah saham didivestasi private equity firm Lion Investment Partners.

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On Monday (22/12), two Indonesian companies were listed on the Indonesia Stock Exchange (IDX). Financing firm Intan Baruprana Finance, subsidiary of publicly listed heavy equipment distributor Intraco Penta, and lender Bank Agris, unit of Dian Intan Perkasa (part of Thailand-based Charoen Pokphand Group). The companies are the 22nd and 23rd company to have conducted an initial public offering (IPO) on the IDX in 2014. The IDX is expecting to see one more IPO this year: Golden Plantation.

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Newly listed Impack Pratama Industri, a leading Indonesia-based building materials and plastics manufacturer, expects its net profit to grow by 10 percent in 2015 from this year’s estimated IDR 280-290 billion (roughly USD $22.8 million). Net revenue is expected to grow 10-15 percent from an estimated IDR 1.60 trillion (USD $128 million) this year. The company conducted an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) earlier this week in a move to finance further business expansion.

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Indonesian property developer Poris Benteng Betawi may conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2015. Proceeds from the IPO would be used to finance a 20-hectare wide superblock project involving apartment and office towers, a school, hospital, mall and hotel in Tangerang (West Java). The property developer is currently still occupied with the land acquisition process for the project. Although this process has only been realized for 80 percent, groundbreaking of the project has already been held.

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Blue Bird, Indonesia’s largest taxi operator, plans to conduct its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month. The company offers 531.4 million shares, or 20 percent of its enlarged capital, to the public. However, the company is yet to determine the share price for the IPO. Based on a statement released on Friday (03/10), Blue Bird holds an offering from 24 to 28 October 2014. The company’s shares are set to be listed on the IDX on 3 November 2014. Blue Bird will also hold roadshows in the US and the UK.

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