Jasa Armada Indonesia, a subsidiary of state-owned port services firm Pelabuhan Indonesia II, is set to release 1.21 billion shares to the public through the IPO and aims to obtain IDR 461.7 billion (approx. USD $34.2 million) in fresh capital through the corporate move (with the share price set at IDR 380 a piece).

If Jasa Armada Indonesia will indeed make its trading debut (scheduled for 22 December 2017), then there will be a total of 566 listed companies on the Indonesia Stock Exchange, which is still a low figure compared to listed companies in regional peers Singapore and Malaysia.

Nevertheless, the high number of IPOs in 2017 in Indonesia has also helped to push Indonesia's benchmark Jakarta Composite Index to a new all-time record high on Tuesday (19/12).

It is also worth mentioning that a total of four units of state-owned companies will have gone public in 2017, a new record. These units are PP Presisi (unit of Pembangunan Perumahan), Wijaya Karya Gedung (unit of Wijaya Karya), Garuda Maintenance Facility AeroAsia (unit of Garuda Indonesia), and Jasa Armada Indonesia (unit of Pelabuhan Indonesia II).

But what about IPOs on the Indonesia Stock Exchange in 2018? Hidayat said the local bourse, again, targets to see 35 IPOs next year. Five companies have already conducted a mini expose at the exchange and are therefore expected to be listed in the first half of 2018. Meanwhile, at least nine subsidiaries of state-owned companies are estimated to make their debut on the Indonesia Stock Exchange in 2018 (which would be a new record).

Initial Public Offerings (IPO) in Indonesia:

2010 2011 2012 2013 2014 2015 2016 2017
Number of IPOs   22   25   23   31   24   18   16   35¹

¹ up to 19 December 2017
Source: Indonesia Stock Exchange (IDX)

Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 19 December 2017
CompanyP: 29 Mar 2021P: 28 Mar 2021Gain/LossP/E ttmYield %Gain/Loss YTD
Sanurhasta MitraMINA796423.44%N/A0.00%58.00%
Forza Land IndonesiaFORZ50500.00%N/A0.00%0.00%
Industri dan Perdagangan Bintraco DharmaCARS50500.00%N/A0.00%0.00%
Nusantara Pelabuhan HandalPORT490498-1.61%N/A0.00%16.11%
Sariguna PrimatirtaCLEO4684660.43%N/A0.00%-9.13%
Pelayaran Tamarin SamudraTAMU50500.00%N/A0.00%0.00%
Cahayasakti Investindo SuksesCSIS80765.26%N/A0.00%25.00%
Terregra Asia EnergyTGRA140142-1.41%N/A0.00%-49.28%
First Indo American Leasing Tbk.FINN50500.00%N/A0.00%0.00%
Alfa Energi Investama Tbk.FIRE590605-2.48%N/A0.00%-48.47%
Totalindo Eka Persada Tbk.TOPS50500.00%N/A0.00%0.00%
Kirana Megatara Tbk.KMTR4164140.48%N/A0.00%20.93%
Hartadinata Abadi Tbk.HRTA206208-0.96%N/A0.00%-11.21%
Integra IndocabinetWOOD7707502.67%N/A0.00%19.38%
MAP Boga AdiperkasaMAPB1,3301,3300.00%N/A0.00%3.10%
Armidian Karyatama Tbk.ARMY50500.00%N/A0.00%0.00%
Buyung Poetra Sembada Tbk.HOKI252254-0.79%N/A0.00%-76.34%
Marga Abhinaya Abadi Tbk.MABA50500.00%N/A0.00%0.00%
Megapower Makmur Tbk.MPOW82802.50%N/A0.00%22.39%
Mark Dynamics Indonesia Tbk.MARK1,0701,0204.90%N/A0.00%-1.83%
Ayana Land International Tbk.NASA1041040.00%N/A0.00%0.00%
Emdeki Utama Tbk.MDKI2242201.82%N/A0.00%-8.94%
Trisula Textile IndustriesBELL1431430.00%N/A0.00%-9.49%
Kioson Komersial IndonesiaKIOS590600-1.67%N/A0.00%4.42%
Garuda Maintenance Facility AeroAsiaGMFI1201200.00%N/A0.00%-10.45%
Malacca Trust Wuwungan Insurance Tbk.MTWI1031030.00%N/A0.00%63.49%
Kapuas Prima Coal Tbk.ZINC128129-0.78%N/A0.00%-26.86%
M Cash Integrasi Tbk.MCAS4,5804,5001.78%N/A0.00%0.00%
PP Presisi Tbk.PPRE206208-0.96%N/A0.00%-18.90%
Wijaya Karya Bangunan Gedung Tbk.WEGE214216-0.93%N/A0.00%-17.05%
Pelita Samudera Shipping Tbk.PSSI2142082.88%N/A0.00%24.42%
Panca Budi Idaman Tbk.PBID1,5751,580-0.32%N/A0.00%-2.48%
Dwi Guna Laksana Tbk.DWGL181184-1.63%N/A0.00%10.37%
Asuransi Jiwa Syariah Jasa Mitra AbadiJMAS163175-6.86%N/A0.00%-18.09%
Campina Ice Cream IndustryCAMP242244-0.82%N/A0.00%-22.44%
Combined Total15,11014,9910.79%-8.72%

Green colour indicates upward movement Red colour indicates downward movement P = price; E = earnings; D = dividend; Yield = D/P "N/A" indicates P/E < 0 (negative earnings) "-" indicates E,D,P or YTD is not available