JAKARTA – The Indonesia Stock Exchange (IDX) has announced a robust pipeline of 13 prospective companies slated for stock listing as of Friday, November 28, 2025. Notably, seven of these companies are significant entities boasting substantial asset bases, signaling a promising period for the Indonesian capital market.
I Gede Nyoman Yetna, Director of Listed Company Assessment at the IDX, confirmed the current composition of the Initial Public Offering (IPO) pipeline. He elaborated that among the 13 firms, two are categorized as small-scale asset companies, while four fall into the medium-scale asset bracket. The remaining seven, as Nyoman highlighted on Friday (28/11/2025), are large-scale corporations, poised to make a considerable impact on the exchange.
Delving further into the specifics of these prospective IPOs, Nyoman revealed that seven out of the 13 companies are utilizing their financial reports from June 2025 as the foundation for their public offerings. He expressed optimism, stating, “Should there be no concerns regarding the public offering and listing process from the Financial Services Authority (OJK) and the IDX, we anticipate these companies will successfully list their shares within the remainder of 2025.” This outlook underscores the IDX’s commitment to facilitating market growth and expansion.
Beyond the IPO pipeline, Nyoman also provided insight into other significant capital market activities. The IDX’s robust activity extends to one company in the pipeline for a rights issue, 23 bond issuances from 17 different companies, two Exchange Traded Funds (ETFs) currently undergoing the listing process, and one Real Estate Investment Trust (DIRE) also in the final stages of listing. These diverse activities reflect a dynamic and active market landscape.
Among the prominent prospective listed companies currently navigating the IPO process is PT Super Bank Indonesia Tbk. (SUPA), commonly known as Superbank. This digital bank is ambitious, aiming to secure fresh capital of up to IDR 3.06 trillion from its forthcoming public offering, a move that is closely watched by market participants.
According to the prospectus released on Tuesday, November 25, 2025, Superbank intends to issue a maximum of 4.40 billion new shares. This issuance represents approximately 13% of its fully placed and paid-up capital following the IPO. Each share carries a nominal value of IDR 100, with an initial IPO offering price range during the bookbuilding phase set between IDR 525 and IDR 695 per share. This pricing structure positions Superbank to potentially raise between IDR 2.31 trillion and IDR 3.06 trillion in fresh funds.
Superbank has outlined its strategic allocation plans for the anticipated IPO proceeds. A substantial 70% of the raised capital is earmarked for working capital, primarily to support the company’s credit disbursement activities. The remaining 30% of the funds from the public offering will be channeled into capital expenditure, dedicated to funding the company’s ongoing operational and business development initiatives.
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Summary
The Indonesia Stock Exchange (IDX) has announced a robust pipeline of 13 companies slated for Initial Public Offerings (IPOs) as of November 28, 2025, with seven classified as large-scale entities. Seven of these prospective companies, utilizing their June 2025 financial reports, are anticipated to list their shares by the end of 2025, pending regulatory approvals. Beyond IPOs, the IDX also boasts an active pipeline including a rights issue, numerous bond issuances, Exchange Traded Funds (ETFs), and a Real Estate Investment Trust (DIRE).
Prominently, PT Super Bank Indonesia Tbk. (SUPA), or Superbank, is preparing its IPO, aiming to secure up to IDR 3.06 trillion in fresh capital. The digital bank plans to issue a maximum of 4.40 billion new shares, representing approximately 13% of its capital, with an initial offering price between IDR 525 and IDR 695 per share. Superbank intends to allocate 70% of the IPO proceeds to working capital for credit disbursement and the remaining 30% to capital expenditure for operational and business development initiatives.