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) - 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

PT Trisula Textile Industries Tbk ("BELL")

Senin, 27 Maret 2023 - 17:50 WIB

Local Textile Products Made by BELL Boost Income in 2022

PT Trisula Textile Industries Tbk ("BELL"), a textile manufacturer for clothing materials including uniforms, and quality fashion, supports the government's campaign to promote the purchase…

 PT Metrodata Electronics Tbk (“MTDL”)

Senin, 27 Maret 2023 - 16:38 WIB

Achieved the Highest Revenue in History, MTDL Booked IDR 21 trillion in 2022

PT Metrodata Electronics Tbk (“MTDL”), a Digital Information and Communication Technology (ICT) issuer, especially in the field of Digital Solutions and Consulting and Digital Distribution,…

President Jokowi accompanied by National Police Chief General Listyo Sigit Prabowo when receiving a visit from PP Pemuda Muhammadiyah representatives, Monday (27/03/2023), at the Merdeka Palace, Jakarta. (Photo: BPMI Setpres/Rusman)

Senin, 27 Maret 2023 - 15:25 WIB

President Jokowi Receives PP Pemuda Muhammadiyah Visit

Indonesian President Joko Widodo (Jokowi) received a visit from representatives of the Muhammadiyah Youth Central Executive (PP) on Monday (27/03/2023), at the Merdeka Palace, Jakarta. 

President Jokowi accompanied by Cabinet Secretary Pramono Anung chaired a meeting regarding the Availability of Staples and Preparation for the 1444 H Eid Mudik, (Photo: Public Relations of Setkab/Rahmat)

Senin, 27 Maret 2023 - 14:25 WIB

To Anticipate Traffic Congestion, the Government Will Implement Measurable Traffic Engineering

The Minister of Transportation (Menhub) Budi Karya Sumadi said that his ministry in collaboration with the Indonesian Police Traffic Corps (Korlantas) and Jasa Marga would implement a more measurable…

Coordinating Minister for the Economy Airlangga Hartarto. (Photo: BPMI Setpres)

Sabtu, 25 Maret 2023 - 20:00 WIB

The Government Maintains Availability and Price Stability of Staples Ahead of Eid

Indonesian President Joko Widodo (Jokowi) instructed his staff to take steps to prepare and anticipate the availability and price stability of basic commodities ahead of Eid al-Fitr.