BEI-OJK Reviews IPO Share Allotment Rule

By : Herry Barus And Aldo Bella Putra | Tuesday, December 05 2017 - 22:30 IWST

Bursa Efek Indonesia (Foto Rizki Meirino)
Bursa Efek Indonesia (Foto Rizki Meirino)

INDUSTRY.co.id - Jakarta - The Indonesia Stock Exchange (BEI) together with the Financial Services Authority (OJK) is conducting a study to set the portion of the allotment of retail and institutional investors at the time of initial public offering (IPO) in order to maintain the liquidity of the transaction.

"We are reviewing the allocation of the share allocation portion in the IPO, fix fixing portion and pooling allotment sometimes bigger fix, while pooling is sold to small communities so the stock price is less attractive," said Director of Assessment IDX Company, Samsul Hidayat in Jakarta, Tuesday (5/12/2017)

He said that the allocation of allotment of shares in the IPO will be fixed through OJK regulation, so far the regulation is not regulated. The plan, the allocation for the public is greater so as to encourage trade activity.

Currently, he added, the portions of allotment fixes of IPO shares are majority owned by institutional investors who are only liquid in the early days. That's because long-term investment-oriented characteristics.

"Later, the pooling allocation is big, now there is no regulation.In some countries pooling allotment is big enough about 5 percent to 10 percent of the total shares to be released," he told media crew.

Related to the IPO in 2017, Samsul Hidayat optimistic as many as 35 companies will implement the IPO in 2017 will be achieved. As of today (5/12), 31 companies have officially listed their shares on BEI through an IPO mechanism.

"There are 31 companies officially listed their shares, there will be another on December 13. That means there are only three companies to be listed in 2017," he said.

News Comment

Today's Industry

L/R: Alwin Zecha, Founder - Pacific Leisure Group, Thailand; Hiran Cooray Chairman - Jetwing Symphony PLC, Sri Lanka; and Akbar Shareef, Chairman & Chief Executive - Rakaposhi Tours (Pvt) Ltd., Pakistan (Photo by Global Travel Media)

Jumat, 16 Oktober 2020 - 17:15 WIB

PATA Honours Industry Leaders, Pioneers and Professionals at 69th Annual General Meeting

The following awards were presented during the 69th Annual General Meeting held online PATA Gallery of Legends Award, PATA Life Membership, and PATA Chair’s Award.

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Jumat, 16 Oktober 2020 - 17:00 WIB

3 Key Principles Businesses Must Keep In Mind When Securing the Remote Workforce

It is critical that organisations take steps to secure the remote workforce to prevent falling victim to the next cyber attack.

Tim Mackey, Principal Security Strategist, Synopsys Cybersecurity Research Centre (CyRC) (Photo by Synopsys)

Kamis, 15 Oktober 2020 - 19:05 WIB

Common Questions When Establishing an Organisational Culture of DevSecOps

Organisations are introducing security earlier in the software development life cycle (SDLC) by expanding close collaboration between development and operations teams in the DevOps movement…

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Rabu, 14 Oktober 2020 - 21:45 WIB

Securing the Remote Workforce in the New Normal — 5 New Cyberthreat Trends to Look Out For

Check Point Research have observed 5 new trends in cyberthreats that were triggered by the outbreak of the coronavirus.

Hypertherm, a U.S. Based Manufacturer of Industrial Cutting Systems and Software

Rabu, 14 Oktober 2020 - 21:30 WIB

Hypertherm Releases New CSR Report with Updates On Community Outreach, Environmental Impact, and Associate Well-Being

Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, announced the release of its 2019 Corporate Social Responsibility Report.