Raffi Ahmad's RANS Entertainment Set for IPO, Targets Up to IDR 429 Billion
The media and entertainment company owned by the couple Raffi Ahmad and Nagita Slavina, PT Rans Entertainment Indonesia Tbk (RANS), has officially begun its journey towards the Indonesia Stock Exchange (IDX) through an Initial Public Offering (IPO).
The company is offering shares to investors within a price range of Rp135 to Rp170 per share during the book-building period, which runs from 23 June to 25 June 2026.
According to information disclosure published on the Indonesia Stock Exchange on Tuesday, 23 June 2026, RANS is offering up to 2.53 billion shares to the public. This amount is equivalent to 20.02 per cent of the fully placed and paid-up capital following the completion of the IPO.
This move marks a new chapter for the company, which is widely known for its various business activities in the media and entertainment sectors, Intellectual Property (IP) management, event organising, and other supporting businesses.
Targeting Fresh Funds of Up to Rp429 Billion
Through this initial share offering, RANS has the potential to raise significant fresh capital from the capital market. Based on the established price range, the company is estimated to obtain funds of approximately:
Rp340.88 billion at a price of Rp135 per share
Rp429.25 billion at a price of Rp170 per share
The proceeds from the IPO will serve as a new source of funding for the company to support business development and strengthen its existing business ecosystem.
In this IPO process, PT Trimegah Sekuritas Indonesia Tbk (TRIM) is acting as the underwriter.
Market Capitalisation to Exceed Rp2 Trillion
RANS’s entry into the stock exchange also has the potential to present a substantial valuation. Based on projections included in the offering documents, the company’s market capitalisation after the IPO is expected to reach:
Approximately Rp1.70 trillion at a price of Rp135 per share
Approximately Rp2.14 trillion at a price of Rp170 per share
These figures demonstrate the scale of the business RANS has built in recent years through various integrated business lines. With a valuation potentially exceeding Rp2 trillion, RANS is becoming one of the media and entertainment companies attracting investor attention amidst the dynamics of the Indonesian capital market.