JAKARTA — The Indonesia Stock Exchange (BEI) has engaged in discussions with Danantara Indonesia regarding potential support for the upcoming Initial Public Offerings (IPOs) of State-Owned Enterprises (BUMNs) and their subsidiaries.
I Gede Nyoman Yetna, Director of Company Assessment at BEI, confirmed these communications, stating that the exchange is currently exploring the specific support that the sovereign wealth fund could offer to the pipeline of upcoming IPOs.
“Currently, we at the Exchange are in contact with Danantara, essentially seeking their support,” Nyoman Yetna stated when met at the BEI Building in Jakarta on Friday, October 17, 2025. This interaction underscores a strategic effort to bolster the Indonesian capital market.
However, Nyoman Yetna also noted that Danantara operates with its own distinct processes, procedures, and targets when supporting BUMN and subsidiary IPO plans. Consequently, BEI anticipates awaiting further steps and decisions from Danantara to align their initiatives effectively.
Meanwhile, Danantara Indonesia has explicitly demonstrated its commitment to encouraging state-owned companies and their subsidiaries to list on the BEI. This aligns with a broader vision for enhancing the robustness and depth of the nation’s financial markets.
Pandu Sjahrir, Chief Investment Officer (CIO) of Danantara Indonesia, articulated the fund’s intention to significantly contribute to the development of the Indonesian capital market, addressing both the supply and demand aspects of market growth.
“From the supply side, our aim is for companies within Danantara’s portfolio to be prepared and poised to become strong issuers on the exchange,” Sjahrir elaborated, emphasizing the strategic readiness of potential listing candidates.
Currently, a total of 37 BUMNs and their subsidiaries are listed on the BEI, comprising 14 parent state-owned companies and 23 subsidiary entities. This number has remained consistent since 2024, reflecting a stable yet evolving landscape for state-backed enterprises in the public market.
The most recent BUMN to successfully complete its public listing on the BEI was PT Pertamina Geothermal Energy Tbk. (PGEO), a subsidiary of PT Pertamina (Persero). It listed on February 24, 2023, securing a substantial Rp9.06 trillion in funds from its IPO.
Furthermore, Danantara has pledged to allocate a portion of its extensive investment funds to the Indonesian capital market. The fund’s overarching investment plan is projected to reach an impressive US$10 billion, equivalent to Rp165.8 trillion, signifying a major financial commitment to the domestic economy.
Pandu Sjahrir also disclosed that approximately 80% of these funds would be directed towards domestic projects, with the remainder slated for international placements. This strategic allocation highlights a strong focus on national development and economic growth.
“For this year, approximately 80% of our investments will be made domestically, with a portion specifically allocated to public markets, bonds, and the broader capital market,” Sjahrir concluded, underscoring Danantara’s immediate investment priorities.
Disclaimer: This news is not intended to solicit the buying or selling of shares. Investment decisions rest solely with the reader. Bisnis.com is not responsible for any losses or gains arising from the reader’s investment decisions.
Summary
The Indonesia Stock Exchange (BEI) is discussing with Danantara Indonesia to secure support for upcoming Initial Public Offerings (IPOs) of State-Owned Enterprises (BUMNs) and their subsidiaries. BEI Director I Gede Nyoman Yetna confirmed these communications, indicating an exploration of how the sovereign wealth fund can assist. While seeking support, BEI acknowledges Danantara operates with its own specific processes for these IPO plans.
Danantara Indonesia has affirmed its commitment to fostering BUMN and subsidiary listings on BEI, aiming to develop the capital market by preparing its portfolio companies as strong issuers. Chief Investment Officer Pandu Sjahrir stated the fund plans to allocate a portion of its US$10 billion investment fund, with approximately 80% directed domestically, specifically towards public markets, bonds, and the broader capital market. This strategy aligns with enhancing market robustness and depth.