Speaking at a press conference marking the closure of year-end trading at the Indonesia Stock Exchange (IDX) in Jakarta on Monday (30/12/24,) Iman Rachman, IDX President Director said the exchange aims to have 66 companies go public (IPO) and add two million new investors to the capital market by 2025 as part of its plan to boost financial inclusion and strengthen Indonesia’s position in the region, according to reporting from Jakarta Globe.
“The increase in listed companies and investors is viewed as a catalyst for national economic growth,” Rachman said.
Jakarta Globe says that Indonesia’s capital market ended 2024 on a high note, raising IDR 251.04 trillion (approximately USD 15.53 billion) from 187 public offerings by December 27, according to the Financial Services Authority (OJK). This included 34 IPOs and a bond issuance.
Investor participation also showed a robust upward trend. OJK data revealed a 21.77 percent increase in single investor identifications (SIDs), reaching 14.8 million as of December 24, up from 12.1 million in 2023.
“The growth reflects various financial inclusion efforts,” said I B Aditya Jayantara, OJK Deputy Commissioner for Investment Management and Capital Market Supervision. “This success is a result of collaboration among stakeholders, including regulators, market players, and public education initiatives.”
As of December 20, 2024, 22 companies are in the pipeline to list on the IDX. Most are large-scale firms with assets exceeding IDR 250 billion, representing sectors such as non-cyclical consumer goods, energy, and healthcare, says Jakarta Globe, adding that the breakdown of IPO-ready companies by asset classification includes one small-scale firm with assets under IDR 50 billion, two medium-scale firms with assets between IDR 50 billion and IDR 250 billion, and 19 large-scale firms with assets above IDR 250 billion.
Sector-wise, the IPO lineup comprises:
- Basic materials: 3 companies
- Consumer staples: 1 company
- Consumer discretionary: 5 companies
- Energy: 3 companies
- Financials: 2 companies
- Healthcare: 3 companies
- Industrials: 3 companies
- Property: 2 companies
Source: Jakarta Globe
Stock image by Gerd Altmann from Pixabay
