IPO Pipeline Shrinks to 12 Potential Issuers, Says IDX Head

The Indonesia Stock Exchange (IDX) has noted that only one company has conducted an Initial Public Offering (IPO) so far this year, raising funds amounting to Rp 0.30 trillion (approximately Rp 500 billion).

IDX Director of Company Valuation, I Gede Nyoman Yetna, revealed that the number of companies queueing to perform an IPO has decreased to 12 from a previous count of 15. “As of now, there are 12 companies in the IDX listing pipeline,” he told reporters on Monday (8/6/2026).

Nyoman explained that the decrease in potential issuers is due to improvements or updates being made to financial statements. “Some are revising financial statements using the latest reports, some still require complete documentation, and some have not yet been approved,” he clarified.

Regarding the asset classification of companies currently in the pipeline, there are 4 medium-scale companies with assets between Rp 50 billion and Rp 250 billion, and 8 large-scale companies with assets exceeding Rp 250 billion. The sectoral breakdown includes 3 companies in the critical consumer sector, 2 in the non-critical consumer sector, 1 in the financial sector, 3 in the healthcare sector, 2 in the infrastructure sector, and 1 in the technology sector.

Previously, the IDX remained optimistic that the target for companies listing on the capital market through IPOs remains on track. The IDX aims for 50 new issuers to go public in 2026, nearly double the 26 issuers realised last year.

“As of now, we are still on target. If there are any changes, we will communicate them,” said IDX President Director Jeffrey Hendrik when met at the IDX building in Jakarta on Monday (18/5/2026).

Jeffrey explained that the decision to undergo an IPO is a strategic move for each individual company. Factors influencing such corporate actions include market conditions. “In the current market condition, there may be additional considerations regarding whether optimal pricing can be achieved and whether the IPO can be well-absorbed by the market. These are certainly considerations for potential listed companies and their underwriters,” he explained.

However, Jeffrey assessed that the plans for potential issuers are still progressing, with hopes that they will proceed according to the planned schedule. “Hopefully, there will be new IPOs,” he added.

Jeffrey emphasised that in the IPO process, the IDX will prioritise quality over quantity to ensure the sustainability of the Indonesian capital market. “We have all agreed that we will prioritise quality over quantity. I believe that agreement still holds and remains the same,” he stated.