Indokripto (COIN) Leads IPO Stock Gains Until September 2025

PT Indokripto Koin Semesta Tbk (COIN) led the price surge among Indonesian companies conducting initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) between January and September 17, 2025.

Based on IDX data, the cryptocurrency exchange and custodian services holding company's share price reached Rp2,110/share at the close of trading on September 17, 2025.

This represents a surge of over 2,000% compared to its initial IPO price of Rp100/share, the highest increase among companies listed on the exchange since the beginning of the year.

Other IPOs with significant price increases include PT Chandra Daya Investasi Tbk (CDIA), PT Raharja Energi Cepu Tbk (RATU), and PT Fore Kopi Indonesia Tbk (FORE).

Conversely, the IPOs experiencing the sharpest declines were PT Raja Roti Cemerlang Tbk (BRRC), PT Jantra Grupo Indonesia Tbk (KAQI), and PT Kentanix Supra International (KSIX), as shown in the graph.

Of the 22 companies that conducted IPOs since the beginning of the year, 14 saw their share prices rise, while 8 saw their prices fall below their initial offering price.

The following is a complete list of the initial offering prices of the 22 companies that conducted IPOs between January and September 17, 2025:

1. 8-Jan-25: PT Asuransi Digital Bersama Tbk (YOII): Rp100/share

2. 8-Jan-25: PT Raharja Energi Cepu Tbk (RATU): Rp1,150/share

3. 8-Jan-25: PT Kentanix Supra International Tbk (KSIX): Rp452/share

4. 9-Jan-25: PT Raja Roti Cemerlang Tbk (BRRC): Rp210/share

5. 9-Jan-25: PT Hero Global Investment Tbk (HGII): Rp200/share

6. 13-Jan-25: PT Brigit Biofarmaka Teknologi Tbk (OBAT): Rp350/share

7. 13-Jan-25: PT Bangun Kosambi Sukses Tbk (CBDK): Rp4,060/share

8. 13-Jan-25: PT Delta Giri Wacana Tbk (DGWG): Rp230/share

9. 10-Mar-25: PT Jantra Grupo Indonesia Tbk (KAQI): Rp118/share

10. 10-Mar-25: PT Sinar Terang Mandiri Tbk (MINE): Rp216/share

11. 25-Mar-25: PT Yupi Indo Jelly Gum Tbk (YUPI): Rp2,390/share

12. 14-Apr-25: PT Fore Kopi Indonesia Tbk (FORE): Rp188/share

13. 15-Apr-25: PT Medela Potentia Tbk (MDLA): Rp188/share

14. 8-May-25: PT Cipta Sarana Medika Tbk (DKHH): Rp132/share

15. 8-Jul-25: PT Pancaran Samudera Transport Tbk (PSAT): Rp900/share

16. 8-Jul-25: PT Asia Pramulia Tbk (ASPR): Rp124/share

17. 9-Jul-25: PT Chandra Daya Investasi Tbk (CDIA): Rp190/share

18. 9-Jul-25: PT Indokripto Koin Semesta Tbk (COIN): Rp100/share

19. 10-Jul-25: PT Prima Multi Usaha Indonesia Tbk (PMUI): Rp180/share

20. 10-Jul-25: PT Diastika Biotekindo Tbk (CHEK): Rp128/share

21. 10-Jul-25: PT Merry Riana Edukasi Tbk (MERI): Rp128/share

22. 10-Jul-25: PT Trimitra Trans Persada Tbk (BLOG): Rp250/share