IPO News Indonesia: Busy Days ahead of Long Trading Holiday
Ahead of the long Idul Fitri holiday seven Indonesian companies were added to the Indonesia Stock Exchange over the past four days, having completed their initial public offerings (IPOs). So far in 2017 a total of 18 companies have gone public in Indonesia, rebounding from a figure of 14 in full-year 2016. It shows investors have become more confident about financial market stability and Indonesia's economic stability.
Starting from Friday 23 June 2017, the Indonesia Stock Exchange will be closed for six weekdays for the Idul Fitri celebrations that mark the end of the Ramadan month. Trading will resume on Monday 3 July 2017.
Marga Abhinaya Abadi
Hospitality and restaurant company Marga Abhinaya Abadi will be listed on the Indonesia Stock Exchange today (22/06). It offered 474 million shares to the public at a price of IDR 112 a piece in its IPO. Hence, it is expected to raise IDR 53.08 billion (approx. USD $4 million). These funds will be used to settle debts (38 percent) as well as for business expansion (34 percent) and working capital (28 percent). Underwriters are Sinarmas Sekuritas and Erdhika Sekuritas.
Buyung Poetra Sembada
Rice distribution company Buyung Poetra Sembada is the second company to be listed on the Indonesia Stock Exchange today. The company offered 700 million shares to the public (29.79 percent of its enlarged capital) for a price of IDR 310 per share. Hence, the company will raise up to IDR 217 billion from this corporate move. Funds will be allocated to working capital (including the purchase of raw materials) and debt settlements. Underwriters are Bahana Sekuritas, RHB Sekuritas Indonesia, and Trimegah Sekuritas Indonesia.
Latest Initial Public Offerings on the Indonesia Stock Exchange:
| Company | Code |
Listing Date |
| Marga Abhinaya Abadi | MABA | 22 June 2017 |
| Buyung Poetra Sembada | HOKI | 22 June 2017 |
| Armidian Karyatama | ARMY | 21 June 2017 |
| MAP Boga Adiperkasa | MAPB | 21 June 2017 |
| Integra Indocabinet | WOOD | 21 June 2017 |
| Hartadinata Abadi | HRTA | 21 June 2017 |
| Kirana Megatara | KMTR | 19 June 2017 |
Source: Indonesia Stock Exchange
IPO Data Indonesia 2012-2017:
| 2012 |
2013 | 2014 | 2015 | 2016 | 2017¹ | |
| Number of IPOs | 24 | 30 | 19 | 15 | 14 | 18 |
| Total Value (in IDR trillion) |
10.4 | 16.7 | 8.3 | 11.3 | 12.1 | |
| Biggest IPO (in IDR trillion) |
2.2 | 1.5 | 2.5 | 1.0 | 5.2 |
¹ Per 22 June 2017
Various sources
Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 22 June 2017
| Company | P: 29 Mar 2021 | P: 28 Mar 2021 | Gain/Loss | P/E ttm | Yield % | Gain/Loss YTD |
| Sanurhasta MitraMINA | 79 | 64 | 23.44% | N/A | 0.00% | 58.00% |
| Forza Land IndonesiaFORZ | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Industri dan Perdagangan Bintraco DharmaCARS | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Nusantara Pelabuhan HandalPORT | 490 | 498 | -1.61% | N/A | 0.00% | 16.11% |
| Sariguna PrimatirtaCLEO | 468 | 466 | 0.43% | N/A | 0.00% | -9.13% |
| Pelayaran Tamarin SamudraTAMU | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Cahayasakti Investindo SuksesCSIS | 80 | 76 | 5.26% | N/A | 0.00% | 25.00% |
| Terregra Asia EnergyTGRA | 140 | 142 | -1.41% | N/A | 0.00% | -49.28% |
| First Indo American Leasing Tbk.FINN | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Alfa Energi Investama Tbk.FIRE | 590 | 605 | -2.48% | N/A | 0.00% | -48.47% |
| Totalindo Eka Persada Tbk.TOPS | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Kirana Megatara Tbk.KMTR | 416 | 414 | 0.48% | N/A | 0.00% | 20.93% |
| Hartadinata Abadi Tbk.HRTA | 206 | 208 | -0.96% | N/A | 0.00% | -11.21% |
| Integra IndocabinetWOOD | 770 | 750 | 2.67% | N/A | 0.00% | 19.38% |
| MAP Boga AdiperkasaMAPB | 1,330 | 1,330 | 0.00% | N/A | 0.00% | 3.10% |
| Armidian Karyatama Tbk.ARMY | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Buyung Poetra Sembada Tbk.HOKI | 252 | 254 | -0.79% | N/A | 0.00% | -76.34% |
| Marga Abhinaya Abadi Tbk.MABA | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Combined Total | 5,171 | 5,157 | 0.27% | -19.18% |
Green colour indicates upward movement
Red colour indicates downward movement
P = price; E = earnings; D = dividend; Yield = D/P
"N/A" indicates P/E < 0 (negative earnings)
"-" indicates E,D,P or YTD is not available
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