Superbank Sets Stage for Jumbo IPO in Indonesian Market

IPO Details and Financial Projections

PT Super Bank Indonesia, operating as Superbank, is preparing for its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) with ambitious fundraising targets. The bank plans to offer 4.40 billion new shares, representing 13% of its post-IPO paid-up capital, at a price range of Rp525 to Rp695 per share ¹

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https://finansial.bisnis.com/read/20251125/90/1931411/ipo-superbank-pasang-harga-penawaran-rp525-rp695-per-saham-incar-dana-rp306-triliun

. This pricing strategy positions the company to raise between Rp2.31 trillion and Rp3.06 trillion, making it a significant player in Indonesia's IPO market for 2025.

Use of Proceeds and Business Strategy

The funds raised through this IPO will be allocated strategically across key business areas. 70% of the proceeds will be directed towards working capital, specifically to support the bank's credit expansion initiatives. The remaining 30% will be used for capital expenditures, focusing on business development activities including technology infrastructure enhancement and product innovation ¹

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Recent Developments and Shareholding Structure

Superbank, previously known as PT Bank Fama International, has undergone significant transformations since becoming part of the Emtek Group in late 2021. The bank has since received investments from major players including Grab, Singtel, and KakaoBank, strengthening its position in Indonesia's digital banking sector. As of August 15, 2025, the bank'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%) ¹

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IPO Timeline and Market Listing

The IPO process is structured with key milestones: the initial offering period is set from 25 November to 1 December 2025, with the effective date on 8 December 2025. The public offering will take place from 10 to 15 December 2025, followed by share allocation on 15 December 2025 and listing on the IDX on 17 December 2025 under the ticker symbol SUPA ¹

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