Investor Presentaiton
Overview PTD Q3 2023 IPO performance in Indonesia
The Indonesian Stock Exchange (IDX) continues its impressive performance as of 30 September 2023 raising Rp 49,431 billion or US$3.2
billion (Q3 2022: Rp 21,881 billion or US$1.4 billion) from a total of 66 IPOS (Q3 2022: 44).
The Indonesian IPO market stands
as a testament to its resilience and
vitality, as it continues to exhibit a
robust growth trajectory. Throughout
Q3 2023, 66 companies have been
listed on the IDX. As of Q3 2023,
IPO funds raised (in billion Rp)
70,000
60,000
there were 890
companies listed
on IDX with market capitalisation of
50,000
Rp10,288 trillion or
40,000
US$662.6 billion.
30,000
This remarkable influx of companies
seeking to go public underscores
Indonesia's position as a thriving hub
20,000
for business expansion and
investment opportunities.
10,000
No of IPOS
70
60
50
50
40
40
30
50
20
20
10
10
Sector-wise, the consumer cyclicals sector dominated with
12 listed companies, followed by the technology, industrial
and consumer non-cyclicals, with 8 listed companies,
respectively.
Notably, from early 2022 through 2023, the IPO market
witnessed a significant shift in industry play. Tech startups,
which dominated the market, gave way to the energy &
minerals sector, particularly the renewable
energy, nickel and other metals.
As compared to PTD Q3 2022,
PTD Q3 2023 saw a 33%
increase in the number of new
IPOS and a 56% increase in IPO
proceeds.
This was largely due to the sizable IPOs in renewable
energy and nickel sector that contributed 79% to
total IPO proceeds for PTD Q3 2023:
PwC
0
No of IPO by Board - Q3 2023
2019
2020
2021
■Main Board
Q4
3,670
357
30,458
15
13
Q3
8,705
1,608
25,005
2022
11,257
3,369
Q3 2023
15,526
Development
Q2
1,221
870
4,095
15,323
21,395
Board
Q1
1,182
2,743
3,050
3,189
12,510
38
Acceleration
Board
No of IPO
55
51
54
59
66
Amman
Mineral
Harita
Nickel
Q1
Q2
Q3
Q4
No of IPO
Rp 10.7
Rp 10
Source: IDX website
trillion
(US$ 712
million)
trillion
(US$ 683
million)
Rp 9.2
trillion
(US$ 627
million)
Pertamina
Geothermal
Rp 9.1
trillion
(US$ 594
million)
3
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