Just One Month After IPO, WBSA Shares Enter High Shareholding Concentration List
JAKARTA, KOMPAS.com - The Indonesia Stock Exchange (BEI) has announced that shares of PT BSA Logistics Indonesia Tbk (WBSA) have entered the High Shareholding Concentration (HSC) list, referring to shares with high ownership concentration.
The announcement was issued by BEI along with the Indonesian Central Securities Depository (KSEI) based on the company’s share ownership structure, both in scrip and scripless form, as of 7 May 2026. However, the HSC status does not necessarily indicate any violation in the capital market sector.
“The HSC announcement does not necessarily indicate any violation of applicable laws and regulations in the capital market sector,” stated the announcement from BEI and KSEI on Friday (8/5/2026).
This condition shows that the majority of WBSA shares are still concentrated among certain shareholder groups, while the portion of shares circulating in the public is relatively limited.
WBSA is the first issuer to list on the capital market in 2026. The company officially listed its initial public offering (IPO) shares on 10 April 2026.
WBSA issued 1.8 billion new shares, equivalent to 20.75% of the placed and fully paid-up capital after the IPO.
The initial offering price was set at Rp 168 per share. Through this corporate action, the company successfully raised fresh funds of Rp 302.4 billion from the capital market.
Based on data gathered from Stockbit, WBSA’s largest shareholder is Tiga Beruang Kalifornia, holding 6.85 billion shares or equivalent to 79.01% of the company’s total shares.
When accumulated, the four main shareholders control more than 91% of WBSA shares.
In Friday’s trading this week, WBSA shares closed down 140 points or 9.69% to Rp 1,305. This decline followed a previous trading session where WBSA shares reached Rp 1,445.
Despite the sharp correction, WBSA’s share price remains far above the initial public offering price of Rp 168 per share.
For information, WBSA operates in the logistics and transportation sector, covering multimodal transport, general cargo transport, special cargo transport, warehousing and storage, cold storage activities, bonded warehousing or bonded zones, and holding company activities.