Adaro Logistics, a subsidiary of Indonesian coal mining company Adaro Energy, is expected to undertake an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Garibaldi Thohir, President Director of Adaro Energy, is optimistic about the potential of publicly listing the unit in Indonesia as prospects for Indonesia's equity market are promising. Moreover, when a company goes public then it becomes more transparent, and this should improve the company's management.

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Ahead of the long Idul Fitri holiday seven Indonesian companies were added to the Indonesia Stock Exchange over the past four days, having completed their initial public offerings (IPOs). So far in 2017 a total of 18 companies have gone public in Indonesia, rebounding from a figure of 14 in full-year 2016. It shows investors have become more confident about financial market stability and Indonesia's economic stability.

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Indonesia's economic acceleration, the nation's recently obtained investment grade status from Standard & Poor's (S&P) and the (near) record high position of the benchmark Jakarta Composite Index makes it more attractive for Indonesian companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. Moreover, the Federal Reserve is committed not to cause too much volatility in markets by acting cautiously and communicating its (possible future) moves clearly.

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There is still few enthusiasm of companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. So far in 2017 only eight companies went public (while there were two companies - Ciputra Surya and Ciputra  Property - that delisted from the exchange this year). However, considering Indonesia's economic growth is accelerating, while Standard & Poor's upgraded Indonesia to investment grade status (which unlocks funds from conservative institutional investors) there should emerge some more enthusiasm.

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Indonesian electrical transformer manufacturer Trafoindo Prima Perkasa is optimistic about its future business given Indonesia's accelerating economic growth, while the government is committed to its 35,000 MW power program. The company seeks to raise up to IDR 480 billion (approx. USD $36.1 million) from an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017. It plans to offer 1.2 billion shares at a price range between IDR 320 - 400 a piece (with a price-to-earnings ratio of 9 - 12 times). Bahana Sekuritas acts as underwriter.

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Alfa Energi Investama, an Indonesia-based coal miner, will offer 300 million shares (equivalent to 23 percent of the company's enlarged shares) to the public in its initial public offering (IPO) on the Indonesia Stock Exchange at a price range of IDR 400 - 500 a piece. Lautandhana Securindo has been appointed as lead underwriter.

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So far in 2017 there has been limited enthusiasm of companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). However, there is now some more activity visible. On Friday (05/05) bottled water producer Sariguna Primatirta was officially listed on the IDX, while three other companies - Cahayasakti Investindo, Pelayaran Tamarin, and Terregra Asia Energy - are to follow soon.

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Sriwijaya Air, the third-largest airline in Indonesia, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange - by one or two months - to April or May 2017 (initially the company targeted to conduct this corporate action in March 2017). Chandra Lie, President Director of Sriwijaya Air, said the airline needs more time to prepare the IPO. Lie added that it may also revise the number of shares that are offered to the public. Earlier, Sriwijaya Air planned to release 25 percent of its total outstanding capital stock.

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When on Friday afternoon (30 December 2016) the Indonesia Stock Exchange (IDX) closed its doors it effectively brought the year 2016 to an end in terms of stock trading on the local bourse. On Friday Indonesia's benchmark Jakarta Composite Index fell 0.11 percent to 5,296.71 points after two days of impressive gains. However, when looking at full-year 2016 the Jakarta Composite Index climbed 15.32 percent, hence being the second-best performing (national) benchmark stock index (after Thailand) in the Southeast Asian region in 2016.

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Indonesian gold miner Agincourt Resources plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2017. The gold miner operates the Martabe Gold Mine in North Sumatra through a Contract of Work. Agincourt Resources is for 61.4 percent owned by Australia-based EMR Capital, a private equity manager that is specialized in mining resources and has deep linkages to Asian markets. Although the IDX refrained from mentioning names, it confirmed that at least one miner will IPO 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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