JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority (OJK) says 36 companies plan to raise funds from IPO (initial public offering), rights issues and bonds market this year. OJK expects the company’s listing to increase in second half of 2016.
Deputy Commissioner for OJK Noor Rachman stated that seven companies that have registered to launch IPOs are PT Graha Antasena Propertindo, PT Cikarang Listrindo, PT Sillo Maritime Perdana, PT Duta Intidaya, PT Protech Mitra Perkasa, PT Capital Financial Indonesia and PT Megapower Makmur.
Cikarang Listrindo has set its IPO offering price at Rp1,500 a share with an aim to raise Rp3.75 trillion ($275.74 million) from the offering of 2.5 billion shares. The international roadshow was launched in Hong Kong and concluded on May 26. Indonesian retail investors will have a chance to place orders between June 7-8, a week before the stock goes live on the Indonesian Stock Exchange (IDX) on June 15.
Meanwhile, Sillo Maritim is offering 600 million shares or 23.08 percent of its enlarged capital at price range of between Rp117 and Rp 140 per share, with potentiality to generate up to Rp84 billion (US$6.18 million). The company sets the initial offering period on May 25 to 30, followed by effective date on June 6, book buiding period on June 8 to 10 and to listing on June 16. (*)
For bond issuances, He continued, 18 companies has submitted are PT Pelindo I with worth Rp 1 trillion, PT PP Property Tbk (PPRO) Rp800 billion, PT Angkasa Pura II Rp2 trillion and PT Intiland Development Tbk (DILD) Rp 800 billion, Indonesia Infrastructure Finance Rp2 trillion.
Other companies plan to issues Islamic bond (SUKUK) ijarah are PT Tiga Pilar Sejahtera Tbk Rp1.5 trillion and regional development bank (BPD) South Sulawesi and BPD West Sulawesi in total Rp80 billion.
For continues bonds, PT Surya Artha Nusantara Finance Rp 2 trillion, PT Waskita Karya Tbk (WSKT) Rp 2 trillion, PT Bank Panin Tbk (PNIN) Rp 2.2 trillion, PT Bumi Serpong Damai Tbk (BSDE) Rp 1.5 trillion, PT Medco Energy Tbk (MDC) Rp1.5 trillion, PT Maybank Indonesia Tbk (BNII) Rp 1.5 trillion, PT Tower Bersama Infrastructure Tbk (TBIG) Rp 1 trillion, PT Bank Tabungan Pensiun Nasional Tbk (BTPN) Rp1 trillion, PT Wahana Oto Multiartha Rp 800 billon, BPD DKI Rp 500 billion and PT Batavia Prosperindo Finance Tbk Rp 200 billion.
Noor Rachman sees the bond issuance increases significantly because the confidence of the company on the Indonesian capital market conditions improved and the demand on corporate bond increased.
Rights issue PT Rimo International Tbk (RIMO), PT Astra Agro Lestari Tbk (AALI), PT Bank Windu Kentjana Tbk ( ), PT Bentoel International Investama Tbk ( ), PT ACSET Indonusa Grahatama Tbk, PT Graha Layar Prima Tbk, PT MNC Investama Tbk, PT Alam Raya Unggul Tbk, PT Bank Ina Perdana Tbk with indicative value around Rp29 trillion.
Recently, OJK, Finance Ministry and Bank Indonesia has set up a Coordination Forum for Development Financing through Financial Markets Deepening (FK-PPK) to develop financial markets in an effort to make the economy more resilient to sudden capital outflows.
Development financing is urgently needed by Indonesia in order to achieve high, sustainable and inclusive economic growth. Furthermore, it is realized that active, liquid, inclusive, and efficient financial markets is one of the important factors needed to increase the availability of funds for development.