Series of IPOs Demonstrates Investor Confidence in IDX: Govt

RRI.CO.ID, Jakarta - Coordinating Minister for Economic Affairs, Airlangga Hartarto, said the continued flow of Initial Public Offerings (IPOs) on the Indonesia Stock Exchange (IDX) reflects the business community’s optimism toward the Indonesian capital market.

This momentum also reinforces the exchange’s role as a source of long‑term financing for companies.

“Congratulations to the new President Director of the IDX. This is the first IPO since he officially took charge,” Minister Airlangga said at the IDX Trading Opening Ceremony and the initial listing of PT Niramas Utama Tbk (JELI) shares in Jakarta on Tuesday, July 7, 2026, as quoted on the Ministry’s official website.

JELI’s IPO marks the second initial public offering in Indonesia so far in 2026 amid global stock market volatility. The continuation of such corporate actions indicates that businesses remain confident in domestic economic conditions.

Investor confidence is further supported by Indonesia’s economic growth, which reached 5.61 percent in the first quarter of 2026. This performance was driven by stable domestic consumption, rising investment, and reforms aimed at strengthening the business climate.

The food and beverage sector has emerged as one of the most attractive industries for investors. In Q1 2026, the sector contributed 7.31 percent to national Gross Domestic Product (GDP) and grew by 7.04 percent, supported by strong consumer demand.

On the investment front, the food and beverage industry recorded realized Foreign Direct Investment (FDI) of IDR 10.48 trillion and Domestic Investment (DI) of IDR 16.34 trillion (approximately USD 903.13 million) in Q1 2026. These achievements highlight the appeal of the real sector and the resilience of Indonesia’s domestic market.

The government is also advancing capital market reforms to maintain global investor confidence. Morgan Stanley Capital International (MSCI) retained Indonesia in the Emerging Markets category during its June evaluation, signaling credibility in Indonesia’s financial market.

Minister Airlangga said efforts to strengthen the capital market will continue in collaboration with the Financial Services Authority (OJK) and the IDX through improvements in transparency, governance, and investor protection.

“So there are six issuers that will next list their IPOs,” Minister Airlangga concluded. These IPO activities are expected to expand companies’ access to financing, drive business expansion, and strengthen the capital market’s contribution to Indonesia’s economic growth. ***