The Financial Services Authority Reports 60 Firms Eyeing IDR 10 trillion IPO Capital

January 09, 2024, 10.45 PM | Reporter: Yuliana Hema

ILUSTRASI. Karyawan memberikan pelayanan usai peresmian kantor baru Otoritas Jasa Keuangan (OJK) Solo di Jalan Slamet Riyadi, Solo, Jawa Tengah, Jumat (19/6/2020). Gedung baru OJK Solo perancangannya menjadi standar gedung OJK di daerah yang menggambarkan nilai visi dan misi OJK yaitu meningkatkan perekonomian wilayah Solo Raya yang mempunyai kapasitas ekonomi besar pada sektor industri pengolahan, perdagangan, ekonomi kreatif dan pariwisata. ANTARA FOTO/Mohammad Ayudha/wsj.

INITIAL PUBLIC OFFERING (IPO) - JAKARTA. The Financial Services Authority (OJK) has reported that there are already 60 plans for initial public offerings (IPOs) in the fundraising pipeline.

Inarno Djajadi, the Executive Head of Capital Market Supervision, Derivative Finance, and Carbon Exchange at OJK, said that the trend of fundraising in the capital market is still good and high.

This is reflected in the achievement of fundraising that reached IDR 255.33 trillion as of December 29. This value has even exceeded the set target.

"Fundraising in the capital market reached Rp 255.33 trillion with 78 new issuers. This has exceeded the 2023 target achievement of Rp 200 trillion," said Inarno in a virtual press conference, Tuesday (9/1).

The high trend of fundraising through the capital market is also reflected in the OJK's pipeline. So far, the OJK has pocketed 85 plans with an indicative value of Rp 28.68 trillion.

The details are that 60 companies will hold IPOs with a value of Rp 10.01 trillion. Then, 11 companies will conduct a Limited Public Offering (PUT) worth Rp 5.40 trillion.

Then, there are 8 plans for public offerings of debt and/or sukuk securities (EBUS) amounting to Rp 9.26 trillion. Lastly, there are 6 plans for the issuance of PUB EBIS Phase I & II worth Rp 4.01 trillion.

For this year, the OJK targets total fundraising in the capital market to reach Rp 175 trillion to Rp 200 trillion. This figure is not much different from last year's target.