Pembangunan Perumahan Properti (PP Properti), a property developer and unit of state-controlled Pembangunan Perumahan (PP), made a successful listing on the Indonesia Stock Exchange (IDX) today (19/05). Shares of PP Properti soared 35 percent at its trading debut. After Bank Yudha Bhakti (BBYD) and Mitra Keluarga Karyasehat (MIKA), PP Properti (PPRO) is the third Indonesian company to have conducted an initial public offering (IPO) in the Indonesia Stock Exchange (Mitra Energi Persada had relisted earlier in May 2015).

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Indonesian property firm Pembangunan Perumahan Properti (PP Properti), which conducts its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month, expects to raise IDR 908.8 billion (USD $69 million) for further business expansion through this corporate action. This figure is much lower than its initial target of IDR 1.57 trillion. PP Properti plans to sell 35 percent of the company’s enlarged capital. The price per share is set at IDR 185 with the offering period between 11 and 13 May 2015.

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One of the world’s largest budget carriers, Malaysia-based AirAsia Group, plans to list its Indonesian unit - Indonesia AirAsia - on the Indonesia Stock Exchange in mid-2016. AirAsia Group Chief Tony Fernandes said that the group is eager to expand its presence in Indonesia, one of the world’s fastest growing regions in terms of air passengers, and aims to raise USD $300 million through this initial public offering (IPO). The fatal crash of Indonesia AirAsia flight QZ8501 in the Java Sea in December 2014 did not dim the group’s ambitions.

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On Tuesday (24/03), Indonesian hospital operator Mitra Keluarga Karyasehat became the second company to list on the Indonesia Stock Exchange (IDX) in 2015. It turned out to be a highly successful initial public offering (IPO) as the company’s shares surged 24.7 percent on its trading debut, reflecting investors’ solid confidence in healthcare stocks. Mitra Keluarga, subsidiary of pharmaceutical company Kalbe Farma, raised IDR 4.4 trillion (USD $341 million), hence constituting the largest IPO since Garuda Indonesia’s IPO in 2011.

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Bank Yudha Bhakti, an Indonesian commercial bank, made its trading debut on the Indonesia Stock Exchange (IDX) on Tuesday (13/01). Shares of the small-sized lender immediately soared nearly 70 percent. The bank, which is listed under the code BBYD, offered 300 million shares (11.9 percent of its equity) to the public for a price of IDR 115 per share thus raising IDR 34.5 billion (USD $2.8 million). The initial public offering (IPO) of Bank Yudha Bhakti is the first IPO on the Indonesia Stock Exchange in 2015.

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Three Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the first quarter of 2015. These companies are Bank Yudha Bhakti, Mitra Keluarga and Mitra Energi Persada. Hoesen, Director of Corporate Valuation at the IDX, said that the listing of Mitra Energi Persada (an oil, gas and coal distributor) is actually a re-listing as the company had de-listed from the Exchange in 2007. The company is expected to offer 11 percent of its enlarged equity to the public.

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Bank Yudha Bhakti, an Indonesian commercial bank, is preparing an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer 300 million shares, or 11.9 percent of its enlarged equity, to the public and plans to raise IDR 34.5 billion (USD $2.8 million) as it offers the shares at IDR 115 per piece. The offering starts between 5 and 7 January 2015, while listing at the IDX is planned for 13 January 2015. Underwriters for the IPO are Semesta Indovest and Equator Securities.

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Immediately after the Indonesia Stock Exchange (IDX) opened on Tuesday (23/12), shares of palm oil producer Golden Plantation, which was listed today with company code GOLL, soared 21 percent to IDR 348 per share (from the initial price of IDR 288). Golden Plantation was the 24th (and last) company to conduct an initial public offering (IPO) on the IDX in 2014. The company owns seven oil palm plantations with a total area of 49,000 hectares. About 35 percent of this total area is planted.

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Gold miner Archi Indonesia, unit of the Rajawali Corpora Group, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) due to the sluggish global economy resulting in the weak global gold price (which is currently touching four-year lows). Archi Indonesia’s IPO was planned to be held this December and was estimated to be the largest IPO on the IDX in 2014 in terms of capital raised (roughly USD $285 million), exceeding the value of taxi operator Blue Bird’s IPO earlier this year.

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A total of six Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in December 2014. Today (Wednesday 03/12), shipping company Soechi Lines made its trading debut, raising around IDR 582.5 billion (USD $48 million) by offering 1 billion new shares, or 15 percent of the company’s enlarged capital, to the public. The company’s shares surged as much as 27 percent after the opening. It was the 20th company to list on the IDX in 2014.

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The Indonesia Stock Exchange (IDX) is serious about becoming the largest stock exchange in the ASEAN region - in terms of transaction value and the number of listed companies - by the year 2020. Currently, Singapore remains the largest stock exchange in the ASEAN region with a market capitalization of about USD $640 billion (in 2015), nearly twice the size of Indonesia's stock exchange (the market capitalization is the number of total outstanding shares at the exchange multiplied by their stock prices).

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Fundraising in Indonesia's capital markets touched a multi-year low in the first quarter of 2016. Based on data from Bloomberg, only IDR 142.1 billion (approx. USD $10.8 million) was raised through rights issues and initial public offerings (IPOs) on the Indonesia Stock Exchange in Q1-2016, the lowest figure in the past seven years. Analysts expect fundraising in the capital markets of Indonesia to improve from the second quarter of 2016 onward due to expected accelerating economic growth and Bank Indonesia's lower interest rate environment.

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Shares of newly-listed Dua Putra Utama Makmur soared on Tuesday (08/12) at its debut on the Indonesia Stock Exchange (IDX). Shares of the fish processing firm, the 15th company to be welcomed on the IDX in 2015, climbed 50 percent to finish at IDR 825 per share. Dua Putra Utama Makmur offered 40 percent (1.67 billion new shares) of its total equity at a price of IDR 550 per share, hence raising IDR 918.5 billion (approx. USD $67 million).

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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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The Indonesia Stock Exchange (IDX) welcomed Garuda Metalindo as the ninth company that listed on the IDX so far in 2015. The listing was a success as shares of the company, traded under ticker symbol BOLT, rose 50 percent during its trading debut. Garuda Metalindo is a manufacturer of bolts and nuts for the automotive industry and currently owns two factories in Tangerang and Kapuk (Java). Clients of the company include Astra Honda Motor, Kawasaki Motor, Krama Yudha Tiga Berlian Motor, and Suzuki Indomobil Motor.

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Mega Manunggal Property, an Indonesian developer and provider of logistics facilities, officially listed its shares on the Indonesia Stock Exchange (IDX) on Friday (12/06) hence becoming the sixth company to have conducted an initial public offering (IPO) on the IDX this year and bringing the total number of listed companies on the IDX to 511. Mega Manunggal Property offered 1.7 billion shares, or 30 percent of its enlarged share capital, for a price of IDR 585 (USD $0.04) per share hence raising IDR 1 trillion (USD $76 million).

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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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Prospects for initial public offerings (IPOs) in Indonesia are positive in 2015, or, at least more positive than in 2014 when Indonesia’s ‘political year’ (legislative and presidential elections) caused severe political uncertainties in the market. However, the country’s slowing economic growth and looming capital outflows brought about by expected further monetary tightening in the USA before the year-end, has made market participants cautious. The Indonesia Stock Exchange (IDX) expects a total of 32 new listings on the IDX in 2015, up from 20 last year.

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Mitra Keluarga Karyasehat, a leading Indonesian hospital operator and subsidiary of the Kalbe Group, plans to raise about IDR 4.2 trillion (USD $328 million) in an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in March 2015. The company plans to offer up to 261.9 million shares, or 18 percent of its enlarged equity, to the public. Five percent of this total constitute new shares, while 13 percent are shares divested by 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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