327 Issuers Yet to Meet 15% Free Float Requirement

The Indonesia Stock Exchange (IDX) has recorded that 327 issuers, or approximately 35.82 percent of listed companies, have yet to meet the minimum 15 percent free float requirement. The data is based on the Monthly Registration Report of Share Ownership for Listed Companies as of 31 May 2026. IDX Director of Corporate Assessment Saidu Solaiman stated that this figure has remained relatively unchanged from the 323 issuers recorded in the period ending 31 March 2026. “Going forward, the exchange will continue to monitor free float compliance based on the report for 30 June 2026, which listed companies are required to submit no later than 10 July 2026,” he said in a media statement on Thursday, 9 July 2026. Saidu explained that the IDX is continuously undertaking various efforts to support free float compliance. Steps taken include socialising amendments to Regulation I-A, sending transition reminders for free float fulfilment to issuers, capacity building to improve issuer performance, establishing a free float monitoring task force, and organising live public exposes. The IDX will also conduct roadshows for listed companies to investors both domestically and internationally starting in August 2026. According to Saidu, this reform is not intended to add administrative burdens for prospective issuers, but rather to strengthen the quality of the Indonesian capital market. “A market that is more credible, transparent, and has good liquidity will ultimately provide long-term benefits for all stakeholders, including issuers who utilise the capital market as a source of funding,” he said. Saidu also noted that the IDX is mindful of issuers’ readiness in implementing the requirements. Since the new free float regulation came into effect in March 2026, issuers have been granted a three-year transition period to meet the requirement in stages.