BEI Socializes the Importance of PUPS for Every Company in Indonesia

By : Abraham Sihombing And Aldo Bella Putra | Saturday, October 07 2017 - 19:00 IWST

Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok
Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok - Jakarta - The implementation of Initial Public Offering (PUPS) for each company is very important. That's a sign that the company changed its status into a public company, aka go public.

If there are companies that avoid going public, it means that the owner or manager of the company does not want to face a better future, said Tito Sulistio, President Director of Indonesia Stock Exchange (IDX).

Tito disclosed this in a dialogue on Perpu No. 1 of 2017 on Access to Financial Information for the interests of taxation for issuers, securities, banks and foreign companies. The dialogue was conducted BEI with Indonesian Chamber of Commerce (Kadin) at BEI Building, South Jakarta, on Friday (06/10/2017).

Tito argued, every company in Indonesia for future business development direction should have a go public orientation. Therefore, companies that are members of Kadin are expected to go public.

The reason that often hinders companies to go public is because of the concern for large capital, minder because they feel the company is still a small company, to worry about redenomination in the future, said Tito.

Tito gives an example of how Kioson, a start-up company, which only assets Rp35 billion but managed to go public and grabbed additional funds up to Rp45 billion. Kioson is the 24th company that became the BEI issuer this year.

Until now, as Tito, Kioson still lose money. But interestingly, investors see the potential of the company in the future so that its PUPS oversubscribed up to 13 times and its shares immediately rose 50% when transacted on the BEI floor.

Therefore, Tito encourages companies that become members of Kadin will want to go public.

We will provide red carpet for kadin member companies who want to conduct the Initial Public Offering of Shares in Indonesia Stock Exchange, Tito concluded. (Abraham Sihombing)

News Comment

Today's Industry

GoTo is a blend of Gojek and Tokopedia. (Photo:

Rabu, 30 November 2022 - 19:35 WIB

GoPay's Dominance Drives Consistency in GOTO's Financial Business Segment Growth

The financial services business segment, namely GoTo Financial owned by PT GoTo Gojek Tokopedia Tbk (GOTO), recorded impressive business growth consistency. This is reflected in GoPay's dominance…

The President Director of PT Honeywell Indonesia, Roy Kosashi, clarified many kind of leading technology for Indonesia’s New Capital City, in Jakarta on Tuesday (29/11/2022). (Photo: PT Honeywell Indonesia)

Rabu, 30 November 2022 - 19:28 WIB

Honeywell Ready to Support Indonesia’s New Capital City with Sustainability Technologies and Solutions

Honeywell announced today that it is Ready Now to support the Nusantara Capital Authority (OIKN) in realizing their goal of making a sustainable and smart forest city. OIKN is the government…

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…

Alvara Research

Sabtu, 26 November 2022 - 06:20 WIB

Turnover Rises High, Culinary MSMEs No Problem Paying OFD Platform Commissions

Online food delivery (OFD) services have accelerated the growth of food and beverage (F&B) MSMEs in Indonesia by 1.9 times faster compared to offline sales. OFD platforms enable MSMEs to have…