Digital exchange hub company NFC Indonesia is completing its initial public offering (IPO) on the Indonesia Stock Exchange. And the corporate move is going well. After the book building process - that took place between 8-22 June 2018 - the new shares of NFC Indonesia were oversubscribed 9.8 times. The company offers 166.67 million shares to the public at a price of IDR 1,850 (USD $0.13) per share, thus raising IDR 308.3 billion (approx. USD $21.4 million).

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Trimuda Nuansa Citra, an Indonesia-based cargo and logistics company, made its trading debut on the Indonesia Stock Exchange on Thursday (28/06). The company became the top gainer of the day as its shares soared 69.33 percent (thus triggering the auto reject system), while the benchmark Jakarta Composite Index tumbled 2.08 percent amid concern over Sino-US trade tensions.

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Cargo and logistics company Trimuda Nuansa Citra set the offering price for its shares at IDR 150 a piece in the initial public offering (IPO) on the Indonesia Stock Exchange. Considering the company offers 200 million shares to the public, it should raise IDR 30 billion (approx. USD $2.1 million) through the corporate move.

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Madusari Murni Indah, a company that is engaged in the production of ethanol and carbon dioxide gas (CO2), is set to sell a 30 percent stake to the public through an initial public offering (IPO) on the Indonesia Stock Exchange. Yonky Saputra, Corporate Secretary of Madusari Murni Indah, said the company appointed Bahana Sekuritas as underwriter. In July 2018 the company is expected to make its trading debut in Indonesia.

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So far 2018 has been a great year in terms of initial public offerings (IPOs) on the Indonesia Stock Exchange. A total of 20 companies became publicly-listed companies in Indonesia in the first five months of 2018, thus there are now a total of 584 listed companies on the Indonesia Stock Exchange. Actually it is still a relatively low number compared to its regional peers and therefore local authorities continue to encourage more IPOs in an effort to deepen the country's financial markets.

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Indonesia-based shipbuilding company Steadfast Marine plans to sell 350 million new shares in an initial public offering (IPO) on the Indonesia Stock Exchange. This amount would equal 35.28 percent of the company's total paid-up capital. The new shares are planned to be offered in the range of IDR 110 - 120 a piece, hence the company would raise a maximum of IDR 42 billion (approx. USD $3 million) through the corporate move. Jasa Utama Capital is appointed as underwriter.

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Bank BRIsyariah made its trading debut on the Indonesia Stock Exchange (IDX) today, hence becoming the 11th company to have completed its initial public offering (IPO) in Indonesia so far in 2018. It is the first Islamic finance unit of a state-controlled entity (Bank Rakyat Indonesia) to have listed on the IDX. Charles Bowman, Lord Mayor of the City of London, was present at the listing ceremony at the IDX building on Wednesday morning (09/05).

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Jakarta-based investment company Charnic Capital made a strong trading debut on the Indonesia Stock Exchange on Wednesday (03/05). Due to the steep price rise of its shares (+70.0 percent) it triggered the auto-reject system, thus trading in the company's shares has been stopped and will resume tomorrow. Charnic Capital is the ninth company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2018. There are now 574 listed companies in Indonesia.

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Krakatau Bandar Samudera, a subsidiary of Indonesia's largest steel manufacturer Krakatau Steel, got the green light from shareholders to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. Tonno Sapoetra, President Director of Krakatau Bandar Samudera, said the company plans to offer its shares to the public in November 2018.

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Terminal operator Indonesia Kendaraan Terminal (better known as IPC Car Terminal) plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in mid-July 2018. The company, which is owned by state-owned port operator Pelindo II, handles the movement of cargo containers for shipments related to the automotive industry at its terminal in Jakarta's Tanjung Priok harbor.

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As all spotlights this week were - and still are - focused on the 2014 Indonesian presidential election, it almost passed unnoticeably that five Indonesian companies will be listed on the Indonesia Stock Exchange (IDX) this week. If all these listings will go according to schedule, then the number of initial public offerings (IPOs) in 2014 will increase to 18 by the end of the week. The five companies are: Batavia Prosperindo Internasional, Magna Finance, Mitrabara Adiperdana, Bank Dinar Indonesia, and Sitara Propertindo.

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In the first half of 2014, 13 Indonesian companies conducted an initial public offering (IPO), including one relisting, on the Indonesia Stock Exchange (IDX). Total proceeds that were raised in the IPOs by these 13 companies was IDR 4.05 trillion (USD $340.3 million). However, both results were weaker than those in the same period last year. In the first half of 2013, 17 new listings were registered on the IDX and which managed to raise a combined total of IDR 10 trillion (USD $840.3 million). Why do we see less IPOs in Indonesia in 2014?

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After Bank Panin Syariah became Indonesia's first newly listed company on the Indonesia Stock Exchange (IDX) in the year 2014, it was quickly followed by four more listings in this past week. On Thursday (16/01), three new listings were conducted - Asuransi Mitra Maparya (ASMI), Bank Ina Perdana (BINA) and Capitol Nusantara Indonesia (CANI) - as well as one relisting - Tunas Alfin (TALF). The latter had delisted from the Surabaya Stock Exchange in December 2009 after the exchanges of Jakarta and Surabaya merged into the IDX.

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Garuda Indonesia, the country's top-class airline, is planning to conduct a rights issue in the first quarter of 2014. Through this corporate action, which has already been approved by the shareholders, the state-controlled company aims to raise IDR 2 trillion (USD $162.6 million). For 2014, the airline plans to allocate IDR 4 trillion in capital expenditure (capex) for business expansion. About half of this amount should originate from funds generated through the rights issue.

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Five more new public listings are expected on the Indonesia Stock Exchange (IDX) in the remainder of 2013 despite the current less rosy macroeconomic environment in Indonesia. The companies that are expected to conduct their initial public offering (IPO) are Indomobil Multi Jasa, Dwi Aneka Jaya Kemasindo, Blue Bird, Soechi Lines, and Sawit Sumbermas Sarana. So far this year, 26 Indonesian companies went public on the IDX. At the start of the year, the IDX targeted for at least 30 new listings in 2013.

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After it was reported that Garuda Indonesia, Indonesia's state-controlled national air carrier, postponed its rights issue, the company stated that it highly doubts an initial public offering (IPO) of its subsidiary Garuda Maintenance Facility (GMF) AeroAsia on the Indonesia Stock Exchange (IDX) in 2013. The reason for this postponement is current lingering uncertainty that plagues emerging markets, including Indonesia, since May 2013. Uncertainty about the future of the Federal Reserve's quantitative easing program led to a large outflow of foreign funds.

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For the third day in a row, Indonesia's main stock index (IHSG) made a strong upward jump on Friday (28/06). Supported by strong American and European stock indices on the previous trading day, the IHSG rose 3.06 percent to 4,818.90 points. American and European indices mostly rose on Thursday (27/06) due to various positive macroeconomic data from the USA. These economic data translated into the good performance of the IHSG and other Asian stock indices on Friday. All sectoral indices of the IHSG were reported to have grown.

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Multipolar Technology, an information technology company and the wholly owned subsidiary of Multipolar, seeks to reap funds between IDR 160 and 188 billion (USD $16.2 to $19.0 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) to finance its expansion plans. The company will offer 375 million shares, or 20 percent of its stock capital, to the public for a price between IDR 425 and 500 per share. Multipolar Technology provides IT hardware and infrastructure, software and business solutions, and consultancy services.

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Garuda Indonesia, one of the major airlines in Indonesia, has announced to conduct a rights issue in October 2013. Through the rights issue, which involves the issuance of 10 percent of new shares, Garuda aims to reap USD $200 million. Garuda was a fully state-owned company before its initial public offering (IPO) in early 2011 when it released 30 percent of its shares. However, Indonesia's House of Representatives (DPR) had approved total public offering up to 40 percent. The remaining 10 percent is now offered through the rights issuance.

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State-owned cement producer Semen Baturaja invites investors to its initial public offering (IPO) between 29 May and 7 June 2013 at the Ritz Carlton Pacific Place in Jakarta. Through this IPO, the company offers 2.34 billion shares (about 23.76 percent of its stock equity) to the public with an initial price target of IDR 500 - 685 per share (USD $0.05 - $0.07). Semen Baturaja will be listed on the Indonesia Stock Exchange (BEI) on 28 June 2013. The lead underwriters for this IPO are Bahana Securities, Danareksa Securities and Mandiri Securities.

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