Mandiri Sekuritas Optimistic: 2026 IPO Pipeline to be More Substantial

JAKARTA, KOMPAS.com - PT Mandiri Sekuritas Indonesia confirms that it is still overseeing several companies planning to launch initial public offerings (IPOs) in 2026. In fact, the number is expected to be larger compared to last year.

The President Director of Mandiri Sekuritas, Oki Ramadhana, stated that the number of potential issuers in the IPO pipeline this year is higher than the previous year.

“Regarding IPOs this year, our pipeline for IPOs this year is actually larger than last year,” said Oki during an iftar event with the media in South Jakarta on Wednesday (February 25, 2026).

“So, after the MSCI and Moody’s assessments, none of the potential issuers we are working with have postponed or cancelled their plans.”

In fact, the momentum of reforms at the Indonesia Stock Exchange (IDX), which are being driven by the Self-Regulatory Organization (SRO), is expected to strengthen the domestic capital market structure.

With these conditions, Mandiri Sekuritas is optimistic that interest in IPOs will remain strong, and may even increase as market expectations become more positive.

“We believe that these reforms will make our market much more liquid,” said Oki.

Furthermore, he explained that the increase in the minimum requirement for public share ownership (free float) to 15 percent will actually strengthen market liquidity.

“Imagine that if previously only a small portion of the shares were liquid, now we need 15 percent (free float) and it must be liquid. This will ensure that the investor’s portfolio is fully invested in our capital market,” he said.

With this composition, the portfolios of investors, especially institutional investors, will be optimally placed in the domestic capital market because the number of shares available is large enough and actively traded.

According to him, in market practice, the larger the size of the offering and the market capitalization, the greater the opportunity for institutional investors to participate.

Read also: New OJK Rules: 15 Percent Free Float, IPOs to be More Liquid but with Higher Volatility