Wijaya Karya Beton (Wika Beton), a company that specializes in the precast concrete industry, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange this year. The company, which has appointed Mandiri Sekuritas as its underwriter, aims to raise about IDR 1 trillion (USD $103 million) through the IPO. Originally, its IPO was planned to be conducted in 2014. However, the company prefers to take advantage of current positive market sentiments.

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PT Semen Baturaja Tbk, a state-owned cement producer, will offer 20 to 35 percent of its equity to the public when it conducts its initial public offering (IPO) on the Indonesia Stock Exchange in June or July 2013. Initially, the Indonesian cement company was planning to conduct the IPO in 2012 but disagreement within the House of Representatives (DPR) - the government institution that needs to approve the IPO - resulted in a temporary postponement.

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In Indonesian media it was reported today that the Blue Bird Group, Indonesia's largest taxi services group, picked Credit Suisse AG and UBS AG as underwriters for its initial public offering (IPO), which is assumed to take place in the second or third quarter of this year (initially the IPO was planned for the first half of 2013). Through this IPO, in which 20 to 40 percent of its equity will be sold to the public, the taxi company targets to collect about US $250 million.

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Director of Corporate Valuation of the Indonesia Stock Exchange (IHSG), Hoesen, said that the stock exchange expects 150 companies to conduct an initial public offering (IPO) on the IHSG within the next five years. In other words, an average of 30 newly-listed companies per year. Also, the amount of domestic investors in Indonesia is expected to increase to become one percent (of the 240 million-numbering population).

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Yesterday, Trans Power Marine made a solid debut on the Indonesia Stock Exchange (IHSG). The Indonesian shipping company listed 15 percent of its shares in the initial public offering (IPO) for the price of IDR 230 per share. At the end of the trading day, its shares had surged by 50 percent to IDR 345 (US $0.04). In total, the company gained IDR 90.85 billion (US $9.4 million) through the IPO. These funds will be used to buy new vessels.

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Today, various announcements were made by Indonesian companies regarding financial reports, bond issuance and initial public offerings (IPOs). This today's headline compiles the most important announcements below. It covers annual net profit reports of Bank Internasional Indonesia, Tower Bersama Infrastructure and Bank Tabungan Pensiunan Nasional, a bond issuance of Bank Tabungan Negara, and IPOs of GMF AeroAsia and a Kompas Gramedia Group unit.

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An unit of Bank Mandiri - Bank Syariah Mandiri - is aiming for an initial public offering (IPO) in 2014. This step would make Bank Syariah Mandiri the first publicly listed Islamic lender of Indonesia. In Indonesia, 11 Islamic lenders are active but total assets of these lenders are small compared to the country's total banking assets. In recent years, however, Islamic financing has experienced substantial growth in Indonesia.

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Reportedly, Garuda Maintenance Facility AeroAsia (GMF AeroAsia), the aircraft maintenance and repair unit of Indonesia's national flag carrier Garuda Indonesia, raised only IDR 1.27 trillion (approx. USD $95 million) from its initial public offering (IPO) on the Indonesia Stock Exchange.

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Mark Dynamics Indonesia became the 20th company to list on the Indonesia Stock Exchange in 2017. The company, based in North Sumatra, manufactures premium ceramic hand formers for industrial, medical, and household purposes. At the listing ceremony in Jakarta on Wednesday (12/07) Yeoh Sek Boon, President Director of Mark Dynamics Indonesia, said the listing is a historic event for the company, and should also be a great source for further growth.

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Indonesian electricity producer Megapower Makmur was added to the Indonesia Stock Exchange on Wednesday (05/07), hence becoming the 19th company to have conducted an initial public offering (IPO) in Indonesia this year. After trading opened the company immediately became the top gainer on the local exchange, with its shares surging 70 percent to IDR 340 a piece. As a result the auto rejection system kicked in, blocking any further movements.

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Indonesian rice distributor Buyung Poetra Sembada targets to see a 25 percent year-on-year (y/y) growth of sales and net profit in 2017, supported by rising sales of its own brands as well as private labels. The company also targets to collect up to IDR 280 billion (approx. USD $21 million) through an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017. Buyung Poetra Sembada will offer 700 million new shares, equivalent to nearly 30 percent of its enlarged capital, to the public.

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In order to make an initial public offering (IPO) in Indonesia more attractive the Indonesia Stock Exchange is advised to make this corporate move less expensive for companies. Also the annual listing fee as well as the deposit that needs to be paid to the Financial Services Authority (OJK) need to be revised in order to encourage more local companies to conduct an IPO in Indonesia. Although being Southeast Asia's largest economy, the number of listed companies in Indonesia is far below the number of listed companies in Singapore, Thailand and Malaysia.

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Chances are big that Freeport Indonesia will conduct an initial public offering (IPO) on the Indonesia Stock Exchange to comply with the divestment requirement. Freeport Indonesia, the local unit of US-based Freeport-McMoRan Copper & Gold, operates the vast Grasberg mine in Papua. This mine is the world's largest gold mine and third-largest copper mine. The Indonesian government's divestment requirement is one the demands for starting contract extension negotiations in 2019.

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Indonesian general contractor Paramita Bangun Sarana targets to raise up to IDR 350 billion (approx. USD $26.5 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer up to 300 million shares, equivalent to 20 percent of its enlarged capital, to investors through the corporate move. Vincentius Susanto, Secretary at Paramita Bangun Sarana, said the indicative price for shares is set in the range of IDR 1,000 - 1,300 a piece. The offering period for the shares is scheduled for 16 - 20 September 2016, while listing on the (IDX) is scheduled for 27 September.

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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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