RANS Entertainment Launches IPO with Share Price Range of Rp135–Rp170

The company is offering a maximum of 2.53 billion shares, equivalent to 20.02 per cent of its issued and paid-up capital after the IPO. The book-building period for the shares runs from 23 June 2026 to 25 June 2026, with PT Trimegah Sekuritas Indonesia Tbk acting as the lead underwriter. The offering could raise fresh funds of approximately Rp340.88 billion to Rp429.25 billion. The company’s projected market capitalisation after the IPO is around Rp1.70 trillion based on the lower price of Rp135 per share, and could reach Rp2.14 trillion using the highest price of Rp170 per share. PT Rans Entertainmen Indonesia Tbk is classified under the consumer non-cyclicals sector, within the entertainment and movie production sub-sector. The company operates in media and entertainment, intellectual property management, and as a holding company, running an integrated business ecosystem encompassing media, entertainment, IP, events, and supporting businesses managed through subsidiaries and strategic investments. Its business model is developed as an IP-based entertainment and audience distribution platform, where each business line is complementary and mutually reinforcing in creating economic value. As of 21 February 2025, the company is domiciled at the RANS Office Building in the Bumi Serpong Damai complex, Tangerang Selatan, Banten, having previously been based in Kemang, South Jakarta.