Flooring Guide by Cinvex – , JAKARTA – The Indonesia Stock Exchange (IDX) has reported that 10 companies are currently in the pipeline for an Initial Public Offering (IPO). This announcement follows earlier indications from the IDX that two ‘lighthouse’ IPOs, significant listings, were anticipated this year.
According to IDX data, as of September 4, 2025, a total of 22 companies have already listed their shares on the exchange, successfully raising an impressive IDR 10.39 trillion in capital.
“Currently, there are 10 companies in the IDX’s stock listing pipeline,” stated I Gede Nyoman Yetna, Director of Company Valuation at the IDX, in a written release quoted on Saturday (September 6, 2025), confirming the ongoing activity.
Among these 10 companies poised for an IPO, four are categorized as large-asset companies, meaning their assets exceed IDR 250 billion. The remaining six companies fall into the medium-asset category, possessing assets ranging between IDR 50 billion and IDR 250 billion.
A detailed breakdown of the IPO pipeline by sector reveals a diversified interest. The basic materials, financial, and industrial sectors each contribute two companies to the pipeline. The remaining slots are filled by one company each from the consumer cyclicals, consumer non-cyclicals, technology, and transportation and logistics sectors.
These 10 prospective companies are actively preparing for their market debuts, joining a number of other firms that have already completed their IPOs this year. For instance, PT Raharja Energi Cepu Tbk. (RATU) successfully went public earlier this year. More recently, July 2025 saw significant listings from companies such as PT Chandra Daya Investasi Tbk (CDIA), PT Merry Riana Edukasi Tbk (MERI), and PT Indokripto Koin Semesta Tbk (COIN).
In a parallel observation, the Financial Services Authority (OJK) has also noted that 10 companies are currently processing their IPO applications. The estimated total emission value for these upcoming listings is projected to reach IDR 5.3 trillion.
Inarno Djajadi, Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision, confirmed that the registration statements for these 10 prospective issuers are presently under review by the OJK. Speaking at the OJK’s Monthly Board of Commissioners Meeting (RDKB) on Thursday (September 4, 2025), Djajadi expressed confidence, stating, “This number [of IPO registrations] is expected to continue to grow.”
The OJK anticipates a further increase in the IPO pipeline as the average financial reports for the June 2025 period are expected to conclude comprehensive audits by September 2025. These June financial reports are crucial, typically utilized by prospective issuers as key documentation for their IPO registrations, aiming to secure effective statements from the OJK by December.
Earlier, the IDX had specifically highlighted that among the companies in its IPO pipeline, two possess the significant potential to achieve ‘lighthouse’ IPO status this year.
Iman Rachman, President Director of the IDX, further clarified that four companies have already been designated as ‘lighthouse’ IPOs so far this year. These elite companies are defined by their market capitalization exceeding IDR 3 trillion and a minimum free float of 15%.
The four prominent ‘lighthouse’ IPOs recorded this year include RATU, PT Bangun Kosambi Sukses Tbk. (CBDK), PT Yupi Indo Jelly Gum Tbk. (YUPI), and CDIA.
Rachman emphasized that the IDX is strategically prioritizing the quality of IPOs this year over sheer quantity of listed companies. Consequently, the exchange is actively working to encourage more robust companies to achieve ‘lighthouse’ IPO status, thereby strengthening the market.
Echoing this sentiment, I.B. Aditya Jayaantara, Deputy Commissioner for Issuer, Securities Transaction, and Special Examination Supervision at the OJK, affirmed that the OJK’s IPO strategy also seeks to achieve a crucial balance between quantity and quality. “We are not merely pursuing numbers, but also focusing intently on quality,” he stated. “While we tirelessly promote IPOs through extensive socialization efforts to boost volume, we are simultaneously committed to enhancing the overall quality of listings.”
To further bolster this commitment, the OJK, through its regulatory frameworks, is strengthening the functions and roles of capital market supporting institutions, such as underwriters. This enhancement is crucial for improving filtering processes and due diligence. Aditya added that “within this framework, underwriters also provide valuable input on pricing strategies, optimal timing for market entry, and other critical aspects,” ensuring a more robust and efficient IPO landscape.
Summary
The Indonesia Stock Exchange (IDX) reports 10 companies are currently in its IPO pipeline as of September 4, 2025, with 22 companies having already listed this year, raising IDR 10.39 trillion. These 10 prospective companies include four large-asset firms and six medium-asset firms, representing diverse sectors such as basic materials, financial, and industrial. Concurrently, the Financial Services Authority (OJK) notes 10 companies processing IPO applications with an estimated total emission value of IDR 5.3 trillion, expecting this number to grow.
The IDX has identified four “lighthouse” IPOs this year, characterized by market capitalizations exceeding IDR 3 trillion and a minimum 15% free float. Both the IDX and OJK are strategically prioritizing the quality of IPOs over mere quantity, aiming to encourage more robust companies to go public. To achieve this, they are strengthening capital market supporting institutions like underwriters to enhance filtering processes and due diligence for a more robust market.