IDX Holds First IPO in 2026, Regaining Investor Interest

RRI.CO.ID, Jakarta - The Indonesian capital market opened 2026 with strong enthusiasm for initial public offerings (IPOs), reigniting investor interest on the Indonesia Stock Exchange (IDX) at the start of the year.

PT BSA Logistics Indonesia Tbk (WBSA), a logistics company, became the first firm to list on the IDX in 2026. Its shares surged 34.52 percent to IDR 226 per share at 10:30 a.m. Jakarta time, hitting the Auto Reject Upper (ARA) limit.

Investor appetite was evident in the oversubscription rate, which reached 386.86 times, making WBSA’s debut one of the most notable IPOs on the IDX.

WBSA president director Edwin Wibowo said the IPO momentum reflects the promising outlook for Indonesia’s logistics industry, which continues to grow rapidly. He noted that Indonesia’s archipelagic geography drives demand for integrated multimodal logistics services.

“Through this IPO, we hope to strengthen our position and capabilities in supporting the growth of Indonesia’s transportation sector and economy,” Edwin said at the IDX Main Hall in Jakarta on Friday, April 10, 2026, as quoted by Antara.

He added that the IPO is a strategic step to reinforce the company’s capital structure and accelerate business expansion. WBSA aims to deliver long-term value to stakeholders through an integrated business model and technology adoption.

“WBSA is confident that this listing marks a significant milestone in strengthening our capital structure, accelerating expansion, and reinforcing our market position as an integrated logistics service provider,” he said.

The IPO offered 1.8 billion new shares, equivalent to 20.75 percent of the fully paid-up capital, at IDR 168 per share. The offering raised IDR 302.4 billion (USD 17.66 million), which will be used to acquire a 99.99 percent stake in PT Bermuda Inovasi Logistik and to bolster operational working capital.

The IPO was underwritten by PT OCBC Sekuritas Indonesia and PT Semesta Indovest Sekuritas. Following the listing, WBSA’s ownership structure consists of 79.01 percent held by Tiga Beruang Kalifornia Pte. Ltd (TBK), 0.24 percent by PT Permata Gandaria Indah (PGI), and 20.75 percent by the public, reflecting significant investor participation in the company’s debut on the IDX. ***