There is still few enthusiasm of companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. So far in 2017 only eight companies went public (while there were two companies - Ciputra Surya and Ciputra  Property - that delisted from the exchange this year). However, considering Indonesia's economic growth is accelerating, while Standard & Poor's upgraded Indonesia to investment grade status (which unlocks funds from conservative institutional investors) there should emerge some more enthusiasm.

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Indonesian electrical transformer manufacturer Trafoindo Prima Perkasa is optimistic about its future business given Indonesia's accelerating economic growth, while the government is committed to its 35,000 MW power program. The company seeks to raise up to IDR 480 billion (approx. USD $36.1 million) from an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017. It plans to offer 1.2 billion shares at a price range between IDR 320 - 400 a piece (with a price-to-earnings ratio of 9 - 12 times). Bahana Sekuritas acts as underwriter.

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Alfa Energi Investama, an Indonesia-based coal miner, will offer 300 million shares (equivalent to 23 percent of the company's enlarged shares) to the public in its initial public offering (IPO) on the Indonesia Stock Exchange at a price range of IDR 400 - 500 a piece. Lautandhana Securindo has been appointed as lead underwriter.

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So far in 2017 there has been limited enthusiasm of companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). However, there is now some more activity visible. On Friday (05/05) bottled water producer Sariguna Primatirta was officially listed on the IDX, while three other companies - Cahayasakti Investindo, Pelayaran Tamarin, and Terregra Asia Energy - are to follow soon.

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On Wednesday (11/10) Malacca Trust Wuwungan lnsurance became the 26th company that listed on the Indonesia Stock Exchange in 2017. The company, subsidiary of Singapore-based Malacca Trust Limited and linked to the family of former president Bacharuddin Jusuf Habibie, is one of the oldest insurance companies in Indonesia (established in 1952).

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Garuda Maintenance Facility AeroAsia (GMF), the pioneer of MRO (Maintenance, Repair, and Overhaul) or integrated aircraft maintenance in Indonesia, is days away from becoming a publicly listed company, with GMF’s initial public offering (IPO) receiving effective statement today from Indonesia's Financial Services Authority (in Indonesian: Otoritas Jasa Keuangan, or OJK).

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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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