The Indonesia Stock Exchange (IDX) has issued an important clarification regarding circulating rumors about the initial public offering (IPO) subscription period for PT Abadi Lestari Indonesia Tbk (RLCO). Previously, whispers among capital market investors suggested an accelerated subscription deadline for RLCO’s IPO shares, supposedly moved up to a maximum of Wednesday, December 3, at 11:59 PM Western Indonesia Time (WIB).
I Gede Nyoman Yetna, Director of Company Assessment at the IDX, firmly stated that the subscription period for shares of the swiftlet nest processing company remains precisely as planned. According to the official IPO prospectus, the subscription window will conclude on Thursday, December 4, at 12:00 PM WIB. Following this, the highly anticipated listing of RLCO shares on the IDX is scheduled for Monday, December 8.
Addressing the confusion directly, Nyoman clarified in an official statement, “Regarding the information conveyed by one securities firm concerning a change in the RLCO IPO deadline, we can confirm that the IDX will continue to accept orders until the time specified in the prospectus.” This statement aims to reassure investors and maintain orderly market procedures.
The earlier misinformation stemmed from a screenshot depicting an adjusted IPO subscription schedule, which was widely shared by users of Stocbit Sekuritas. The accompanying explanation claimed the alteration was due to issues originating from the IDX itself. This sparked significant concern among investors eagerly awaiting the IPO.
Further investigation by Katadata.co.id revealed that the e-IPO website, the web-based public offering system accessible to investors, had indeed experienced technical difficulties. Around 8:00 PM WIB on Wednesday, December 3, the IPO share subscription site became inaccessible. The message displayed on the page indicated that the system was undergoing maintenance, lending some credence to the rumors of system-related issues, though not the alleged change in schedule.
Abadi Lestari is set to make its debut on the Indonesia Stock Exchange (IDX) on December 8, 2025. Through this IPO, the company anticipates raising up to IDR 105 billion in fresh capital. This significant financial injection is expected to fuel the company’s ambitious growth plans in the thriving swiftlet nest industry.
Management detailed the offering in an additional IPO prospectus released on Monday, December 1: “The Company hereby conducts an Initial Public Offering of 625,000,000 ordinary shares, representing new shares, with a nominal value of IDR 50 each.” This substantial offering constitutes 20% of the company’s issued and fully paid-up capital. Samuel Sekuritas Indonesia is playing a pivotal role, acting as the underwriting agent for this IPO process.
The net proceeds from the IPO, after deducting all emission costs, will be strategically channeled into two primary allocations. Approximately 56.33% is earmarked as crucial working capital, primarily dedicated to the procurement of raw materials, specifically high-quality swiftlet nests. The remaining 43.67% will be injected into its subsidiary, PT Realfood Winta Asia, in the form of capital participation, also intended for similar raw material purchases.
The company emphasizes that this additional working capital from the IPO is vital for optimizing its factory capacity, which is currently not being utilized to its fullest potential. With the backing of this new funding, Abadi Lestari aims to significantly enhance its operational capacity and productivity, thereby driving substantial revenue growth in the coming period. It is important to note that, as of the prospectus issuance, the company has not yet signed any new agreements with suppliers, whether existing or new partners.
Summary
The Indonesia Stock Exchange (IDX) has clarified rumors concerning an accelerated subscription deadline for PT Abadi Lestari Indonesia Tbk (RLCO) IPO shares. IDX Director I Gede Nyoman Yetna confirmed the official subscription period remains until Thursday, December 4, at 12:00 PM WIB, with the company’s listing scheduled for Monday, December 8. The misinformation, stemming from a shared screenshot and e-IPO website technical issues, was addressed to reassure investors that orders would be accepted as per the prospectus.
Abadi Lestari aims to raise up to IDR 105 billion through this IPO by offering 625,000,000 new shares, representing 20% of its capital. The net proceeds will primarily be allocated as working capital for raw material procurement, specifically swiftlet nests, and as capital participation in its subsidiary, PT Realfood Winta Asia, for similar purposes. These funds are intended to optimize factory capacity and enhance productivity to support significant revenue growth.