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Today's Headlines Initial Public Offering
Two companies are ready to conduct their initial public offering (IPO) on the Indonesia Stock Exchange in the second quarter of 2018. Firstly, Sarimelati Kencana, the operator of Pizza Hut Indonesia, is set to offer a 20 percent stake to the public in May 2018. Secondly, Sriwahana Adityakarta, a company that produces carton boxes, paper cones, and paper tubes, will offer a 22 percent stake to the public in June 2018.
Indonesia-based solar panel manufacturer Sky Energy Indonesia became the fourth company to complete its initial public offering on the Indonesia Stock Exchange in 2018. Mirae Asset Sekuritas Indonesia was appointed as underwriter for the corporate move. About one hour after the opening of the market, Sky Energy Indonesia's shares had surged 50 percent, while the benchmark Jakarta Composite Index was in red territory.
Indonesia-based helicopter charter services company Jaya Trishindo made its trading debut on Tuesday (27/03), hence becoming the third company to have concluded its initial public offering (IPO) on the Indonesia Stock Exchange in 2018 (there are now a total of 568 listed companies in Indonesia). It is interesting to note that Jaya Trishindo is the first company that falls within the small and medium enterprises category to list on the Indonesia Stock Exchange.
Wahana Vinyl Nusantara, an Indonesia-based pipe-producer (the hollow cylinder type for fluid conveyance), plans to conduct an initial public offering on the Indonesia Stock Exchange in the first half of 2018. Stephen Widjaja, President Director of the company, said Wahana Vinyl Nusantara will offer a maximum stake of 20 percent (of the company's total share equity) to the public.
Saptono Adi Junarso, Executive Vice President Head of Privatization at the Indonesia Stock Exchange, confirmed that three state-owned companies are preparing their initial public offering (IPO) on the Indonesia Stock Exchange. These three companies are Wijaya Karya Realty, Tugu Pratama Indonesia, and Bank BRI Syariah.
Solar panel manufacturer Sky Energy Indonesia is busy finalizing its initial public offering (IPO) on the Indonesia Stock Exchange. The company will offer 203.26 million shares, equivalent to 20 percent of its total paid-up capital, to the public. Sky Energy Indonesia set its offering price in the range of IDR 375 - 450 per share, hence the company targets to raise between IDR 76.2 - 91.5 billion (approx. USD $6.4 million) through the IPO.
Borneo Olah Sarana Sukses, an Indonesia-based coal mining company, set its share price at IDR 400 a piece (approx. USD $0.03) for the initial public offering (IPO) on the Indonesia Stock Exchange. The coal miner will offer 400 million shares, or 28.57 percent of the company's total share equity, to the public through the corporate move. As such, the company is set to raise IDR 160 billion (approx. USD $11.8 million).
Indonesian coal mining company Borneo Olah Sarana Sukses will soon conduct its initial public offering (IPO) on the Indonesia Stock Exchange. The company plans to offer 400 million shares, equivalent to 28.57 percent of its share equity, to the public through the corporate move. Listing on the local exchange is scheduled for 21 February 2018.
Tridomain Performance Materials, a company with its roots in Singapore, is planning to release 40 percent of its total share capital through an initial public offering (IPO) on the Indonesia Stock Exchange. Sinarmas Sekuritas has been appointed as underwriter.
Seafood company Kelola Mina Laut Group (KML Group), which is primarily engaged in the processing and marketing of fish products, is set to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Mohammad Nadjikh, President Director of the KML Group, said the IPO will most likely be held in the first half of 2018. The company is eager to collect new funds for further business expansion.
Latest Columns Initial Public Offering
Despite the challenging conditions, Indonesian cement producer Cemindo Gemilang decided to offer 2.71 billion shares, equivalent to 15.0 percent of the company’s total shares, to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). With the IPO price set at the range of 600-800 per share, the cement producer eyes to collect around IDR 1.89 trillion (approx. USD $133 million) through this corporate move.
On Monday 17 June 2019, Bali Bintang Sejahtera (Bali United) became the first football club in Indonesia – reportedly even the first football club in the Southeast Asian region – to conduct an initial public offering (IPO) on the stock market.
In 2018 a total of 57 companies made their trading debuts on the Indonesia Stock Exchange (IDX). To see 57 Indonesian companies conducting their initial public offering (IPO) on the IDX within 12 months only is a remarkable achievement and a significant increase from 37 IPOs in 2017, and 14 in 2016. It is in fact the biggest number of IPOs for Indonesia since the year 1992. Moreover, big appetite for Indonesian companies to go-public in 2018 is particularly remarkable considering there was plenty of uncertainty lurking about in global and domestic markets.
Indonesian construction company Trimitra Propertindo made its trading debut on the Indonesia Stock Exchange on Thursday (23/08). The company is the 33rd company that has completed its initial public offering (IPO) on the local bourse so far in 2018. There are now a total of 597 listed companies in Indonesia.
Madusari Murni Indah, an Indonesia-based company that is engaged in the production of ethanol and carbon dioxide gas (CO2), plans to set its share price in the range of IDR 500 - 600 a piece for its initial public offering (IPO) on the Indonesia Stock Exchange.
On Monday (09/07) three companies made their trading debuts on the Indonesia Stock Exchange. So far this year a total of 26 companies have completed their initial public offering (IPO) on the Indonesia Stock Exchange. And considering there are still almost six more months to go in 2018 - while various IPOs are in the pipeline - it should become a very good year for IPOs in Indonesia.
Indonesian retailer MAP Aktif Adiperkasa made its trading debut on the Indonesia Stock Exchange on Thursday (05/07) after successfully having completed its initial public offering (IPO). The company offered 427.6 million new shares, equivalent to 15 percent of the company's total share capital, to the public at a price of IDR 2,100 a piece, hence raising IDR 897.9 billion (approx. USD $63 million). Indo Premier Sekuritas acted as underwriter for the IPO.
In the already busy initial public offering (IPO) month of May, two more companies were added to the Indonesia Stock Exchange on Wednesday (23/05): (1) Sarimelati Kencana, the operator of the Pizza Hut chain in Indonesia, and (2) Guna Timur Raya, an integrated logistics solutions provider. This brings the total number of IPOs in Indonesia so far in 2018 to 16. In May alone a total of seven companies made their trading debut on the Indonesia Stock Exchange. Thus, Indonesia is on track to set a new record in terms of IPO realizations this year.
Hospital operator and medical management services company Medikaloka Hermina made its trading debut on the Indonesia Stock Exchange on Wednesday (16/05) after having successfully completed its initial public offering (IPO). So far in 2018 a total of 14 companies have become publicly listed companies in Indonesia. Especially the month May has been rich in terms of IPOs. Meanwhile, up to 24 other companies are expected to be listed on the local bourse before the end of the first semester.
Hospital operator Royal Prima made its trading debut on the Indonesia Stock Exchange on Tuesday (15/05) after having successfully completed its initial public offering (IPO). Royal Prima is the 13th company so far this year to became a publicly listed company in Southeast Asia's largest economy. There are now 578 companies listed on the Indonesia Stock Exchange. Danatama Makmur Sekuritas acted as lead underwriter.
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