Jakarta - Two members of the Indonesian Employers' Association (Apindo) will conduct an initial public offering (IPO) of shares in 2018. These corporations, including the 100 members of Apindo, are considered ready for IPO and become issuers on the Indonesia Stock Exchange (IDX).
Apindo General Chairperson, Hariyadi Sukamdani stated, the association members ranged from 14,000 companies.
Of these, there are 500 companies that are sufficient to carry out IPOs. However, only 100 Apindo members have the opportunity to conduct an initial public offering.
"This is based on the aspect of administrative readiness and the company's interest in becoming an issuer.
However, only two companies will IPO this year.
Global Kedaton Catatkan IPO Pertama Tahun 2018
Mandiri Group is engaged in the coal business, and Mahkota Group is an oil palm company," said Hariyadi, in Jakarta , Tuesday (2/20).
Hariyadi explained, specifically for Mandiri Group, the company has the opportunity to carry out a stock IPO in June 2018.
Although it has a similar name, this coal company has no connection with PT Bank Mandiri Tbk (BMRI). According to him, Apindo members' two plans for IPO are a good step.
Because, market conditions are quite conducive, and the composite stock price index (CSPI) is likely to continue to increase.
"The two Apindo members who intend to IPO each have assets above Rp. 1 trillion.
Apindo always strives to support increased funding from the capital market," he explained.
Responding to the plan to add Apindo members to the IPO, the Chairperson of the Indonesian Issuers Association (AEI), Franciscus Welirang, said that he appreciated the decision. The reason is that Apindo members who are issuers on the IDX are also members of AEI.
"With the addition of Apindo members, the IPO means that we will get additional members of AEI.
Therefore we appreciate, and AEI also strives to continue to increase the investment through the capital market," he said firmly.
Then when confirmed, the Director of Corporate Valuation of the Indonesia Stock Exchange (IDX), Samsul Hidayat stated, his party had not received the official IPO plan document from Mandiri Group or Mahkota Group.
However, he admitted, Mahkota Group, based in Medan, North Sumatra, had discussed with the IDX in relation to the IPO process.
For 2018, IDX targets 35 additional issuers.
Whereas last year, the IDX received additions to issuers of up to 37 companies. Samsul once emphasized that he was optimistic that the range of 10-12 new corporations would complete the IPO, and had been listed on the IDX in the first semester of 2018.
Meanwhile, from 1 January to 20 February 2018 there are two new issuers, namely PT LCK Global Kedaton Tbk (LCKM), and PT Borneo Olah Sarana Sukses Tbk (BOSS).
Then other companies that are currently processing bookbuilding IPOs, including PT Sky Energy Indonesia.