Jakarta: The Indonesian Stock Exchange (IDX) has reported that companies have collectively raised Rp 67.95 trillion ($4.2 billion) from initial public offerings (IPOs), rights issues, as well as debt securities (EBUS) such as bonds and sukuk in the capital market until May 9 .
Corporate fundraising is expected to continue increasing, with several companies planning to raise funds in the capital market throughout 2024.
According to I Gede Nyoman Yetna, the Director of Corporate Assessment at IDX, the majority of the Rp 67.95 trillion raised was contributed by debt securities, amounting to Rp 39.9 trillion. These debt securities include 37 issuances from 27 EBUS issuers. Rights issues followed, amounting to Rp 24.17 trillion from eight companies.
“Meanwhile, Rp 3.88 trillion was raised from IPOs by 24 companies,” Nyoman Yetna stated on Thursday.
Nyoman Yetna added that there are still fundraising plans in the IDX pipeline, including EBUS, rights issues, and IPOs. Currently, there are 39 EBUS issuances from 30 issuers in the pipeline, with the financial sector contributing the most with 13 companies.
Regarding fundraising through rights issues, Nyoman Yetna explained that there are still 24 listed companies in the pipeline.
Nyoman Yetna also mentioned that there are currently 36 prospective IPO companies. Among these, the majority are medium-scale asset companies (with assets between Rp 50 billion – 250 billion), totaling 22 prospective issuers. This is followed by eight large-scale asset companies (assets above Rp 250 billion), and six small-scale asset companies (assets below Rp 50 billion).
In terms of sectors, Nyoman Yetna mentioned that eight companies are from the primary consumer goods sector, followed by seven companies from the industrial sector, six from the non-primary consumer goods sector, four companies from the property sector, and three companies from the technology sector.
