Superbank Targets Up to Rp3.06 Trillion in IPO

JAKARTA, Investortrust.id —  PT Super Bank Indonesia Tbk or SUPA launches its initial public offering on Tuesday, Nov 25, 2025 in Jakarta as it sets a dividend ceiling of 85 percent of net profit once retained earnings turn positive, aiming to balance shareholder returns with long term capital needs. The lender begins book building in a range of Rp 525 to Rp 695 that could raise up to Rp 3.06 trillion to boost lending capacity and technology investment.

PT Super Bank Indonesia Tbk said in its prospectus that dividend payments would depend on financial performance, capital adequacy, bank health, profit expectations, and future capital requirements.

The bank added that payout levels would also consider business sustainability, market conditions, shareholder interests, and regulatory obligations.

SUPA opened its book building on Tuesday and scheduled the process until Monday, Dec 1, before holding the public offering from Dec 10 to Dec 15.

The lender offered 4,406,612,300 new shares with a nominal value of Rp 100 each, representing 13 percent of post IPO paid up capital and positioning the deal to raise as much as Rp 3.06 trillion.

Management said about 70 percent of proceeds would support loan expansion as working capital while the remaining 30 percent would fund capital expenditure including product development and information technology.

The underwriting group consisted of Mandiri Sekuritas, CLSA Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, and Sucor Sekuritas.

After the IPO, the shareholder structure would include Emtek through PT Elang Media Visitama, Grab through PT Kudo Teknologi Indonesia, A5 DB Holdings, GXS Bank, KakaoBank, and Singtel Alpha Investments, with Emtek and Grab as the largest holders.

Superbank planned to deploy capital spending gradually from 2026 over the following five years to strengthen infrastructure, operational systems, cybersecurity, artificial intelligence, and data analytics.

Management said product development would focus on lending and payments with digital solutions for retail customers and MSMEs supported by integrated technology capabilities.

SUPA reported interest income of Rp 904.49 billion in the first half of 2025, rising from Rp 268.15 billion a year earlier, helping the bank record Rp 20.50 billion in profit compared with a Rp 135.43 billion loss in the same period last year.