Until March 2021, no SOE subsidiary will go public
JAKARTA - The Director of Assessment of the Indonesian Stock Exchange (IDX), I Gede Nyoman Yetna Setya, revealed that until March 8, 2021, there were 26 companies included in the IPO pipeline, but none of them were state-owned companies.
According to Setya, all companies included in the pipeline were still undergoing an evaluation for their share listing. "Of the 26 companies in the pipeline, there are no state-owned companies," said Setya, as quoted by Bisnis, Tuesday (9/3/2021).
Nyoman explained that in terms of assets referring to POJK No.53/POJK.04/2017, there were 6 small-scale asset companies (under IDR 50 billion), 11 medium-scale asset companies (between IDR 50 billion to IDR 250 billion), and 9 large-scale asset companies (above IDR 250 billion).
Meanwhile, the Consumer Cyclical sector occupies the highest rank of prospective issuers, namely 7 companies, followed by the technology sector (4 companies), basic materials (4 companies), consumer non-cyclical (3 companies), properties & real estate (3 companies), industrial (2 companies), energy (2 companies), and infrastructure (1 company).
In early February, Minister of State-Owned Enterprises (SOEs), Erick Thohir, said that they were preparing a number of SOEs, including subsidiaries, to enter the capital market through initial public offering (IPO) scheme. (AM/VA)