TEMPO.CO, Jakarta – Two companies made their debut on the Indonesia Stock Exchange (IDX) on Tuesday, July 7, through initial public offerings (IPOs).
They are food and beverage producer PT Niramas Utama Tbk (JELI), known for its Inaco brand, and PT Nitrasanata Dharma Tbk (JECX), the operator of Jakarta Eye Center (JEC) hospitals and eye clinics.
The listings make JELI and JECX the second and third companies to go public on the IDX this year.
In its IPO, JELI offered 266 million new shares, representing 21.01 percent of its enlarged issued and paid-up capital. The shares opened at Rp900 apiece on their first day of trading.
The offering attracted strong investor demand, with the retail pooling portion oversubscribed 273.37 times by 630,491 investors. The company raised Rp239.4 billion before deducting issuance costs.
President Director Adhi S. Lukman described the listing as a major milestone in the company's growth.
"The listing of our shares on the Indonesia Stock Exchange marks an important milestone in the company's journey and the beginning of a new phase as a public company," Adhi said in a statement on Tuesday.
He also expressed appreciation to investors, regulators, business partners, and other stakeholders for their support throughout the IPO process.
Meanwhile, JECX offered 487.98 million shares, equivalent to 15 percent of its enlarged issued and paid-up capital, at an offering price of Rp1,250 per share.
The IPO raised Rp609 billion, while the centralized allotment portion was oversubscribed 62.5 times, attracting 555,699 investors.
President Director Johan Hutauruk thanked investors and other stakeholders for supporting the company's stock market debut.
He said the proceeds from the IPO would strengthen the company's capital structure and support JEC's long-term expansion, while maintaining its commitment to patient-centered eye care.
"Through this IPO, the company hopes to strengthen its capital structure and support JEC's future growth while continuing to uphold the spirit of 'care with experience' by providing patient-oriented services backed by JEC's expertise and experience in eye healthcare," Hutauruk said in a statement.
The two IPOs reflect continued activity in Indonesia's capital market, with both companies drawing strong investor interest despite operating in different sectors—consumer goods and healthcare.
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