Indonesian Stock Exchange Sees Surge in IPO Applications

Growing Interest in Capital Markets

The Indonesia Stock Exchange (IDX) has reported a significant increase in Initial Public Offering (IPO) applications, with 9 companies currently in the pipeline as of December 19, 2025. Of these, 6 are categorized as large companies with assets exceeding Rp 250 billion, demonstrating substantial interest in Indonesia's capital markets.

Regulatory Framework for IPO Classification

The classification of companies for IPO purposes follows OJK Regulation Number 53/POJK.04/2017, which categorizes companies based on their asset size. I Gede Nyoman Yetna, Director of Company Valuation at IDX, confirmed that the current pipeline includes companies across different asset categories. The regulation helps maintain transparency and standardization in the IPO process.

Breakdown of Companies in IPO Pipeline

The IDX has provided a detailed breakdown of the companies waiting for IPO listing. The pipeline includes:

• 6 large companies with assets over Rp 250 billion
• 1 company with assets between Rp 50 billion and Rp 250 billion
• 2 companies with assets below Rp 50 billion

This diverse range of company sizes indicates broad-based interest in accessing Indonesia's capital markets.

Market Implications

The increasing number of companies lining up for IPOs reflects growing confidence in Indonesia's economic prospects and capital markets infrastructure. As these companies go public, they are likely to bring increased liquidity and potentially stimulate further market activity.