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View all search resultsListed firms to unlock $11b in new shares to boost free float, says IDX
The IDX, along with the OJK, has announced a new policy to double the minimum free float requirement to 15 percent from 7.5 percent at present, using a case-by-case approach in addition to assistance for listed firms for gradual implementation by March.
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Traders gesture on Jan. 28, 2026, as an electronic information board displays stock movements at the Indonesia Stock Exchange (IDX) in South Jakarta. (Antara/Dhemas Reviyanto)
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isted companies are expected to release more than Rp 187 trillion (US$11 billion) in new shares as the Indonesia Stock Exchange (IDX), along with the Financial Services Authority (OJK), seeks to double the percentage of shares available for public trading as part of a wider push to reform the capital market.
Authorities aim to increase the minimum free float requirement from currently 7.5 percent to 15 percent.
The move comes as a response to a warning issued late last month by global index provider MSCI, which raised concerns over transparency and price manipulation on the Indonesian bourse and threatened to downgrade its status from emerging to frontier market.
Read also: IDX plunges after MSCI warning about RI stocks
To meet the new minimum free float requirement, around 267 companies would need to increase the amount of their listed shares, potentially unleashing a significant increase in publicly distributed shares, IDX assessment director I Gede Nyoman Yetna said in a statement on Thursday.
Several big companies on the IDX have a free float below the new requirement including tycoon Prajogo Pangestu’s Barito Renewables Energy, which is currently Indonesia’s top stock based on market capitalization but has a free float of 12.3 percent.
State-owned lender Bank Syariah Indonesia will also need to boost its free float from 9.2 percent at present, according to IDX data.
