29 Companies Queue for IPOs on the Indonesia Stock Exchange (IDX) in Early 2024: Here Are Their Sectors

Twenty-nine companies are queuing for an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the first week of 2024.

Broken down by asset category, the majority, or 19 companies intending to list on the IDX, fall into the medium-scale category, with assets ranging from Rp50 billion to Rp250 billion.

Eight companies are in the large-scale category with assets above Rp250 billion, and two companies have small assets below Rp50 billion.

Director of Company Valuation at the IDX, I Gede Nyoman Yetna Setia, stated that only one company had gone public at the beginning of this year.

"As of January 5, one company has listed its shares on the IDX, raising Rp0.13 trillion," Nyoman said in a statement reported by *Katadata*, Saturday (6/1/2024).

He also mentioned that, until the first week of 2024, no state-owned enterprises (SOEs) or their subsidiaries had entered the IPO pipeline at the IDX.

By sector, the companies most numerous in the IPO pipeline are non-primary consumer goods companies.

Here's a breakdown of the sectors of companies queuing for an IPO on the IDX as of January 6, 2024:

* 6 companies from the non-primary consumer goods sector
* 5 companies from the industrial sector
* 5 companies from the technology sector
* 4 companies from the primary consumer goods sector
* 2 companies from the raw materials sector
* 2 companies from the energy sector
* 2 companies from the infrastructure sector
* 1 company from the property and real estate sector
* 1 company from the transportation and logistics sector

Previously, the IDX targeted around 62 companies to be listed as public companies through IPOs in 2024.

"If we talk about IPOs, next year's target for shares is 61 or 62," said IDX President Director Iman Rachman in a press conference closing the trading session on Friday (29/12/2023).

(See also: 10 Indonesian Issuers with the Largest Initial Public Offerings in 2023)