Five Firms Join IPO Queue as Capital Market Fundraising Surges
Main Takeaways
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JAKARTA, investortrust.id — Five companies have entered the initial public offering (IPO) pipeline on the Indonesia Stock Exchange (IDX), with four of them classified as large-asset firms, according to the bourse’s latest update.
As of Friday, July 18, 2025, the IDX had recorded 22 IPOs year-to-date, raising a combined Rp 10.39 trillion ($635 million). The growing momentum underscores robust investor appetite and a bullish capital market environment, prompting more firms to tap into public equity.
The majority of new IPO applicants have assets exceeding Rp 250 billion ($15.3 million), IDX Director of Corporate Valuation I Gede Nyoman Yetna said in a written statement. One mid-sized company with assets between Rp 50 billion and Rp 250 billion also joined the list. No small-scale firms—defined as having assets below Rp 50 billion—are currently in the IPO pipeline.
“Sectorally, the five companies include two from basic materials, one from energy, one from finance, and one from transportation and logistics,” said Nyoman.
Bond and Rights Issue Market Remain Active
Beyond equities, fundraising through debt and rights issues has also gained traction.
By July 18, the IDX had facilitated 113 bond issuances from 65 issuers of debt securities and sukuk, amassing Rp 129.2 trillion ($7.9 billion). The pipeline currently includes eight upcoming bond offerings from five issuers.
On the equity side, rights issues have raised Rp 9.51 trillion ($580 million) from 10 companies so far this year. An additional four firms are preparing to launch similar rights offerings, according to the exchange.
The surge in corporate actions—both equity and debt—reflects rising confidence in Indonesia’s capital markets, bolstered by record-breaking rallies in the benchmark Jakarta Composite Index (JCI) and resilient macroeconomic fundamentals.