2026 Debut IPO, WBSA Shares Surge 34.5% to ARA
Jakarta, CNBC Indonesia - PT BSA Logistics Indonesia Tbk. (WBSA), a company in the logistics sector, has officially listed its shares on the Indonesia Stock Exchange (BEI) through an initial public offering (IPO). The company becomes the first issuer to debut on the capital market this year.
In its debut, WBSA shares immediately surged 34.5% to Rp226 per share from the offering price of Rp168 per share.
The IPO was oversubscribed by 386.86 times. The proceeds from the IPO will be used to support the company’s expansion strategy, particularly through the acquisition of companies in the sea transport sector as a strategic step to strengthen end-to-end logistics services, as well as for capital expenditure to increase operational capacity and service efficiency.
President Director of PT BSA Logistics Indonesia Tbk, Edwin Wibowo, stated that the opportunities in the national logistics industry remain very significant, given Indonesia’s characteristics as an archipelagic nation as well as the high industrial activity and domestic consumption. This condition drives a great need for integrated multimodal logistics services.
“Through this IPO, we hope to strengthen our position and capabilities in supporting the growth of the transportation sector and Indonesia’s economy,” he said on Friday (10/4/2026).
WBSA has issued 1.8 billion shares, equivalent to 20.75% of the placed and fully paid-up capital, or equivalent to 20.75% of the company’s placed and fully paid-up capital. At an offering price of Rp168 per share, the company will raise fresh funds of Rp302.4 billion.
The company believes that this corporate action is an important aspect in strengthening its capital structure, accelerating business expansion, and reinforcing its market position as an integrated logistics service provider.
According to him, with targeted expansion, an integrated business model, and support from infrastructure and technology adoption, the company is optimistic about delivering sustainable growth and creating long-term value added for all stakeholders.