Below is a list with tagged columns and company profiles.

Today's Headlines IPO 2016

  • IPO News Indonesia: Waskita Toll Road to List in 2017?

    IPO News Indonesia: Waskita Toll Road to List in 2017?

    Indonesian state-controlled contractor Waskita Karya is also eager to see its subsidiary Waskita Toll Road conducting an initial public offering on the Indonesia Stock Exchange. On Tuesday (20/09) another unit of Waskita Karya - Waskita Beton Precast - was listed on the local bourse, raising IDR 5.16 trillion (approx. USD $394 million) hence becoming the biggest IPO in Indonesia so far this year. This year there have been few companies eager to list considering the highly volatile markets amid the weak global economy and ahead of another Fed Fund Rate hike.

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  • Initial Public Offerings (IPOs) on Indonesia Stock Exchange in 2016

    Initial Public Offerings (IPOs) on Indonesia Stock Exchange in 2016

    The Indonesia Stock Exchange (IDX) expects to see 15 more companies conducting an initial public offering (IPO) on the local bourse in the remainder of the year, supported by the improving macroeconomic indicators of Indonesia (including a 5.18 percent y/y GDP growth pace in Q2-2016, 2.78 percent y/y inflation in August, and the central bank's lower interest rates) as well as the tax amnesty program (that should bring home trillions of rupiah, part of which finds its way into the local stock market). However, looming tighter monetary policy in the USA remains a challenge.

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  • IPO of Waskita Beton Precast on the Indonesia Stock Exchange

    IPO of Waskita Beton Precast on the Indonesia Stock Exchange

    Indonesian precast concrete structures manufacturer Waskita Beton Precast, a unit of listed state-controlled construction company Waskita Karya, aims to collect up to IDR 5.2 trillion (approx. USD $397 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer some 10.54 billion new shares, or 40 percent of its enlarged capital, to investors with an indicative price that ranges between IDR 400 - 500 per share (reflecting a price-to-earnings ratio of between 20 - 25 times).

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  • IPO of Cikarang Listrindo on the Indonesia Stock Exchange

    IPO of Cikarang Listrindo on the Indonesia Stock Exchange

    Indonesian independent power producer Cikarang Listrindo raised IDR 2.4 trillion (approx. USD $180.5 million) from an initial public offering (IPO) on the Indonesia Stock Exchange on Tuesday (14/06). The company is the first independent power producer to go public in Indonesia and the 5th firm to be added on the Indonesia Stock Exchange in 2016. Cikarang Listrindo floated 9.7 percent of its enlarged share capital on the bourse. On its trading debut its shares rose 2.6 percent from IDR 1,500 to IDR 1,540 a piece.

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  • IPO of Duta Intidaya on the Indonesia Stock Exchange

    IPO of Duta Intidaya on the Indonesia Stock Exchange

    Duta Intidaya, an Indonesia-based health and beauty products retailer, targets to collect up to IDR 90.8 billion (approx. USD $6.7 million) from an initial public offering (IPO) on the Indonesia Stock Exchange that is planned for June 2016. This would make Duta Intidaya, the operator of the Watsons stores in Indonesia, the fifth company to go public in Indonesia this year. Lilis Mulyawati, Director of Duta Intidaya, said the book building process for the company's IPO is conducted between 31 May and 6 June 2016, while the offering period is set for 17-21 June. Listing on the IDX is scheduled for 28 June 2016.

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  • IPO Sillo Maritime Perdana on the Indonesia Stock Exchange

    IPO Sillo Maritime Perdana on the Indonesia Stock Exchange

    Indonesian shipping company Sillo Maritime Perdana, which provides offshore support vessels, plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company set the indicative price for its IPO in the range of IDR 117-140 a piece. By issuing 600 million new shares, or 23.08 percent of its enlarged share capital, Sillo Maritime Perdana targets to collect roughly IDR 77 billion (approx. USD $5.7 million) in funds from the IPO. Lautandhana Securindo and UOB Kay Hian Securities were appointed as underwriters for the IPO.

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  • 9 Companies Ready for Initial Public Offering on Indonesia Stock Exchange

    9 Companies Ready for Initial Public Offering on Indonesia Stock Exchange

    At least nine companies are ready to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the next two months. Among these nine companies are: Megapower Makmur, Cikarang Listrindo, Duta Inti Daya, Sillo Maritime Perdana, Bank Ganesha and Graha Andrasentra Propertindo. So far this year only three companies have been added to the Indonesian bourse. Due to economic uncertainties in recent years (making investors cautious), few companies have been eager to list on the IDX since 2014.

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  • Indonesia Stock Market Update: IPOs and Free Float Regulation

    Indonesia Stock Market Update: IPOs and Free Float Regulation

    There are seven companies that are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the first quarter of 2016: Buyung Poetra Sembada, Summarecon Investment Property, Mahaka Radio Integra, Cikarang Listrindo, Mitra Pemuda, Ciputra Residence, and Bank Ganesha. In total, the IDX targets to see 35 new listing on the IDX in 2016. Indonesian lender Bank Artos Indonesia was the first company to be added to the IDX in 2016.

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  • Hutama Karya Unit HK Realtindo Plans IPO on Indonesia Stock Exchange

    Hutama Karya Unit HK Realtindo Plans IPO on Indonesia Stock Exchange

    Indonesia-based property developer HK Realtindo, subsidiary of state-owned firm Hutama Karya, plans to release a 30 percent stake through an initial public offering (IPO) on the Indonesia Stock Exchange in the fourth quarter of 2016. Funds generated through the IPO will be used for further business expansion. The company eyes 30 new projects in 2016, including the Trans Sumatra toll road. The company also plans to issue IDR 500 billion (approx. USD $36 million) in bonds and IDR 250 billion in medium term notes.

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  • IPO News Indonesia: Bank Artos Listed on the Stock Exchange

    IPO News Indonesia: Bank Artos Listed on the Stock Exchange

    Bank Artos Indonesia became the first company to list on the Indonesia Stock Exchange (IDX) in 2016. The Bandung-based private lender was warmly welcomed by investors. During its trading debut on Tuesday (12/01) the company's shares rose 31.1 percent. Through the initial public offering (IPO) Bank Artos Indonesia raised IDR 31.8 billion (approx. USD $2.3 million) by offering 241.3 million new shares, or 20 percent of the company's enlarged capital at IDR 132 per share.

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Latest Columns IPO 2016

  • IPO of Paramita Bangun Sarana on the Indonesia Stock Exchange

    IPO of Paramita Bangun Sarana on the Indonesia Stock Exchange

    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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  • Few IPOs & Rights Issues: Fundraising in Indonesia's Capital Markets Low

    Few IPOs & Rights Issues: Fundraising in Indonesia's Capital Markets Low

    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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