Superbank Nears IPO Completion Following Successful Bookbuilding

Key IPO Details

PT Super Bank Indonesia, known as Superbank, has successfully completed its IPO bookbuilding process on December 1, 2025. The digital bank has set its IPO price range between Rp525 and Rp695 per share. The offering consists of 4.4 billion new shares, representing 13% of the company's post-IPO paid-up capital.

Financial Implications

The IPO is expected to raise between Rp2.31 trillion and Rp3.06 trillion, depending on the final pricing. Superbank plans to allocate 70% of the proceeds toward working capital to support its lending activities. The remaining 30% will be used for capital expenditures, focusing on technology development and business expansion.

Business Background

Superbank, originally known as PT Bank Fama International, was established in Bandung in 1993. The bank changed its name to Superbank in early 2023 and relocated its headquarters to Jakarta. It has since become a significant player in Indonesia's digital banking sector. The bank is backed by prominent investors, including Emtek Group, Grab, Singtel, and KakaoBank.

Recent Developments

In 2024, Superbank launched several innovative financial products, including Saku by Superbank and Pinjaman Atur Sendiri (PAS). The bank also collaborated with OVO to introduce OVO Nabung, a savings feature linked to OVO balances. As of August 15, 2025, Superbank's major shareholders include PT Elang Media Visitama (31.11%), PT Kudo Teknologi Indonesia (19.16%), GXS Bank Pte. Ltd. (12%), and A5-DB Holdings Pte. Ltd. (11.52%).

IPO Timeline

Superbank is expected to receive the effective statement from OJK on December 8, 2025. The IPO period is scheduled from December 10 to December 15, 2025, with listing anticipated on December 17, 2025. The successful completion of this IPO will mark a significant milestone for Superbank as it expands its operations in Indonesia's competitive banking sector.