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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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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