JAKARTA (TheInsiderStories) – The Indonesia Stock Exchange (IDX) recorded there are 20 companies are ready to conduct an initial public offering (IPO) until next year, said the director in this week. Until Nov. 19, 148 public offerings, consisting of 46 stock issuances, 94 bonds and Islamic bonds issuances, seven exchange traded funds, and one asset backed securities has been listed.
The IDX director, I Gede Nyoman Yetna, elaborated the companies consist of six trade, services and investment companies, three in the property, real estate and construction sectors, and two companies from the consumer goods sector. Then, four companies from plantations, infrastructure, utilities transportation, financial, and mining sector.
In addition, he continued, there are 10 issuers that will issue bonds and SUKUK issuances. As of Sept. 15, 46 new issuers have been listed on the IDX. The latest one, PT Planet Properindo Jaya Tbk (IDX: PLAN) on the acceleration board after released 892 million shares.
Last year, chairman of FSA, Wimboh Santoso, targeting total emissions in the capital market to reach Rp200 trillion (US$14.18 billion) and 70 issuer become a listed company in 2020. Last year, public offering at the local bourse recorded Rp166.8 trillion and 60 firms has been listed at the IDX.
But, recently, FSA sliced the fundraising targets to Rp100 trillion, due to the impact of the COVID-19 pandemic. Chief executive at the agency, Hoesen, for next year, he confident the fundraising amount rebound to around Rp160 trillion.
To boost the fundraising in the capital market, FSA plans to implement the electronic book-building system for the IPO starting next year. Fuady said, as planned, the minimum amount of the allotment or pooling would not change with the original plan around 2.5 – 15 percent of the target size of the IPO shares.
Later, the implementation of the the policy will have a transitional period of six months starting from the promulgation of the regulation. While, Yetna stated that the bourse together with the Indonesian Clearing and Guarantee Corporation and the Indonesian Central Securities Depository will conduct an initial test the new scheme in this year.
The aim is to reach a wider range of investors and the spread of retail investors in carrying out the IPO. Santoso also mentioneds, to support the government efforts to reduce the impact of a pandemic, the agency and Self-Regulatory Organization have implemented a series of policies with make it easy for companies to get funding in the capital market and create conditions a conducive market.
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