PTT Plc, a Thailand-based energy company which conducts coal mining activities in Sebuku, Jambayan and Laung (all on the island of Kalimantan), is planning to list its subsidiary, Sakari Resources, on the Indonesia Stock Exchange through an initial public offering (IPO). PTT Plc has been active in Indonesia's mining sector since 2008 when it acquired a 94 percent stake in (Singapore-listed) Sakari Resources. After the acquisition, Sakari Resources delisted from the Singapore Stock Exchange.

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Wijaya Karya Beton, better known as Wika Beton, set its share price at IDR 590 for the initial public offering (IPO) on the Indonesia Stock Exchange. Previously, the company indicated an offering price target in the range of IDR 470 to IDR 630 per share. As Wika Beton's shares are expected to lure investors, the price was set relatively high within that price range. During Wika Beton's roadshow to Malaysia, Singapore and Hong Kong, global investors expressed their interest in the company's prospects.

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According to the prospectus that was published on Monday (17/03), Graha Layar Prima will offer 140 million new shares, or 46.11 percent of the company's enlarged capital, to investors in an initial public offering (IPO) on the Indonesia stock exchange (IDX). Graha Layar Prima operates a cinema chain (known as Blitzmegaplex) that is present in several big Indonesian cities, including Jakarta, Bandung, Bekasi, Tangerang and Balikpapan. Funds that are gained through the IPO will all be used for the establishment of seven new cinemas.

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Indonesian television station Cakrawala Andalas Televisi (ANTV), owned by the controversial Bakrie Group, is conducting an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Bookbuilding started today (28/02) and will continue up to 7 March 2014. Its listing on the IDX is planned for 27 March 2014. The company will offer 588.2 billion shares, 15 percent of its enlarged capital, to the public through this corporate action. Sinarmas Sekuritas has been appointed as underwriter of the IPO.

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The owners of Tujuh Bukit, a gold and copper project located near Banyuwangi (East Java), are planning to conduct an initial public offering on the Indonesia Stock Exchange in the third quarter of 2014. The project zone is estimated to contain at least 1.6 million ounces of gold and 60 million ounces of silver. If construction of the mine can be realized this year, then gold production can start in 2016. Construction of the copper mine is expected to start in 2019. Through the IPO, USD $75 million is targeted to be raised (used for concession development).

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PT Indosmelt, an Indonesian smelting company, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) somewhere in 2015. Through this corporate action the company aims to raise USD $450 to $500 million in new funds by selling 49 percent of its enlarged capital to the public. President Director of Indosmelt Natsyir Mansyur said that the company is currently in talks with Kresna Graha Sekurindo to act as lead underwriter. The funds will be used to build a gold refinery.

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Indonesia's new Financial Services Authority (OJK) is currently processing plans of several companies that intend to conduct their initial public offering (IPO) on the Indonesia Stock Exchange in the first quarter of 2014. Continued enthusiasm of companies for a listing on the Indonesia Stock Exchange (IDX) indicates bullish sentiment. Director of the IDX, Ito Warsito, expects a total of 15 new listings in Q1-2014, while the target for full year 2014 remains at 30. In 2013, 31 companies were added on the IDX.

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Adhi Persada Properti, subsidiary of majority state-owned construction company Adhi Karya, plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2015. The company hopes to reap IDR 600-700 billion (roughly USD $54 million) through this corporate action. However, Pulung Prahasto, Director of Adhi Persada Properti, declined to inform how many shares will be publicly listed as this is still a topic for internal debate. Adhi Persada Properti is engaged in property and real estate development.

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Indonesia's Coordinating Economic Minister Hatta Rajasa announced that the Indonesian government approved plans for the initial public offerings (IPOs) of two state-owned plantation companies: Perkebunan Nusantara V and Perkebunan Nusantara VII. The former is engaged in the plantation and production of palm oil as well as rubber, while the latter is engaged in the cultivation and plantation of rubber, oil palm, sugar cane, and tea products. Before the IPO, the government will establish a holding company for the plantation companies first.

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The Indonesia Stock Exchange (IDX) will increase the minimum ratio of shares that need to be listed on the IDX by a listed company. Through Regulatory No. I-A regarding the Listing of Shares & Equity Securities other than Shares Issued by Listed Companies (Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas yang Diterbutkan oleh Perusahaan Tercatat), the minimum ratio of publicly issued shares is 7.5% of a company's total enlarged capital. If companies will not comply, they may face de-listing from the IDX.

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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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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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