13 IPOs in the Pipeline at Indonesia Stock Exchange as Mid-Sized Firms Take the Lead
Key Takeaways
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JAKARTA, Investortrust.id — The Indonesia Stock Exchange has identified 13 companies currently preparing for initial public offerings as of Thursday, Oct 23, 2025, with mid-sized issuers making up the majority.
According to Director of Corporate Valuation I Gede Nyoman Yetna, the 13 prospective issuers include two small-scale firms, six mid-sized companies, and five large-scale corporations. In addition to the IPOs, the exchange is reviewing one rights issue and 23 bond offerings from 18 issuers.
“As of Oct 23, 2025, the IPO pipeline comprises 13 companies — two with small-scale assets, six with medium-scale assets, and five with large-scale assets,” Nyoman said during a media briefing on Friday, Oct 24, 2025.
He added that most of the IPO candidates are using financial statements from the first half of 2025 in their filings, while only two companies rely on July 2025 data.
“Given that only two firms are using July financials while the rest are based on first-half 2025 reports, most of these IPOs are expected to debut within this year,” Nyoman said.
He noted that the listings remain subject to ongoing review by both the Financial Services Authority and the exchange, emphasizing that no companies in the current pipeline have yet submitted September 2025 financials.
Nyoman stressed that the exchange continues to apply rigorous standards to maintain listing quality.
“We assess every applicant not only on formal listing requirements but also on overall business performance to ensure high-quality companies enter the market,” he explained.
He expressed optimism that all companies in the current pipeline would meet the necessary conditions and move forward with their listings before the year’s end.
“We hope the firms currently in the IPO pipeline can complete their preparations, meet all requirements, and help boost market activity in the final quarter of 2025,” Nyoman said.