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View all search resultsIndonesia’s IPO pipeline gets thinner amid stock market jitters
The IDX stated that there are 12 companies waiting in the IPO queue to list on the bourse this year.
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Employees stand near a screen showing the Jakarta Composite Index (JCI) down 8 percent on Jan. 28 at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX temporarily halted trading that afternoon as the benchmark index dropped to 8,261.79 points following an announcement from Morgan Stanley Capital International's (MSCI) that it would temporarily suspend the index rebalancing process for Indonesian stocks. (Antara/Dhemas Reviyanto)
T
he Indonesia Stock Exchange (IDX) has only seen one initial public offering (IPO) so far this year amid deteriorating stock market conditions, which remain under downward risks from looming global and domestic pressures that have unsettled investor confidence.
According to statement published on Jun. 8, the IDX stated that there are 12 companies are waiting in the IPO queue to list on the bourse. This pipeline comprises eight large-scale companies with over Rp 250 billion (US$13.9 million) in assets and four medium-scale firms with assets between Rp 50 billion and Rp 250 billion.
The total figure, however, has shrunk from the previous 15 companies reported by the bourse in April.
IDX assessment director I Gede Nyoman Yetna addressed questions about the decline, noting that some companies were revising their financial statement using the latest audited reports, while others were still completing the required documents or had yet to receive approval.
He also revealed that one company in the consumer noncyclical industry had gained approval and two firms in the healthcare sector were very likely to obtain approval by this month.
“These three [companies] are planning to list by the end of June or early July 2026. For the remaining nine issuers, their status remains under evaluation process and document review,” he noted.
The first IPO of the year came from the logistics sector through PT BSA Logistics Indonesia, which trades under the ticker WBSA.
