JAKARTA (TheInsiderStories) - Samsul Hidayat, Director of Corporate Valuation Indonesia Stock Exchange (IDX), said isix companies are lining up to do an initial public offering (IPO) in this year use the book in June 2016, partly using the April 2016 book. IDX is targeting 20 new issuers this year. This target has been trimmed several times from the initial target of 35 new issuers.
Until the current year, already 14 new issuers listed on the IDX including the new listed companied PT Aneka Gas Industri Tbk (IDX: AGII) and PT Paramita Bangun Sarana Tbk (IDX: PBSA). Total fundraising through IPOs held by 13 brand-new issuers reached Rp10.7 trillion.
One of the companies who hold middle-IPO stock deals a property company PT Forza Land Indonesia Tbk is targeting Rp 100 billion and from the issuance of medium term notes (MTN) amounting to Rp300 billion. The Company plans to release a maximum of 312.5 million shares at an offer price of Rp300 per share to Rp350 per share.
PT Prodia Widyahusada Tbk also was offering IPO shares with a target of Rp1.5 trillion funds. The Company is offering 187.5 million new shares, or 20 percent of the total shares to the public at a price range of Rp6.250 per share to Rp8,000 per share. The initial offering period took place on Nov. 30 through Dec. 2, 2016.
Another name that will offer IPO shares, PT Anugerah Blessing Madani Tbk. (ABMA Land). Property companies that use financial statements in June 2016 as the valuation of IPO shares. PT Mayapada Property also plans IPO stock with a target of Rp 2.5 trillion. The real estate company with assets of Rp12 trillion this using financial report April 2016 as the basis for the valuation of IPO shares.
President Director of IDX Tito Sulistio adding, at least 14 State-owned Enterprise (SOE) subsidiaries have stated their commitment to launch IPO in 2017. This is partly encouraged by the SOE Minister Rini Soemarno who called on the state companies to seek alternative funding sources as there will be no allocations for state capital injection next year.
The IDX also continues to urge regionally-owned companies to offer their shares to the public through the stock market. The IDX has also raised its market capitalization target to Rp6,300 trillion for next year. It is confident that the target will be achieved as the tax amnesty proceeds keep increasing.