Barito Renewables Hits Limit-Up Rule on Market Debut
Jakarta. Barito Renewables Energy (BREN) stock experienced a surge during its debut on the Indonesia Stock Exchange, reaching the limit-up rule on Monday.
At the opening, the price of BREN shares soared by 25 percent to Rp 975, triggering an automatic halt in trading. According to the IDX, the limit-up rule is set at 35 percent for share prices between Rp 50 and Rp 200, 25 percent for share prices above Rp 200 to Rp 5,000, and 20 percent for share prices higher than Rp 5,000.
Barito Renewables, primarily focused on electricity utilities, recently conducted an initial public offering (IPO) by issuing 4 billion shares, raising Rp 3.13 trillion in fresh capital.
The number of investors has grown significantly, exceeding 58,500, compared to just four individual shareholders before the IPO.
During the IPO, Barito Renewables shares were oversubscribed 135 times, as reported by BNI Sekuritas, which acted as the underwriters.
Barito Renewables became the 69th company to be listed on the IDX so far this year.
Tags: Keywords:
as a preferred
Related Articles
MSCI Warning Raises Existential Questions for Indonesia's Stock Market, Economist Says
MSCI's downgrade threat tests Indonesia's market credibility, with an economist urging reforms to restore investor trust.
OJK Flags 19 Stocks for High Ownership Concentration
OJK flags 19 stocks for high ownership concentration and will step up scrutiny of actively traded shares over manipulation risks.
Some State Companies Set for 2027 IPO: Danantara
The last SOE to go public was Pertamina Geothermal Energy back in 2023.
OJK: Stocks Once Stuck at Rp 50 Are Finding New Market Prices
OJK says stocks once stuck at Rp 50 are finding new equilibrium prices and liquidity after Indonesia lowered the trading floor to Rp 1.
GOTO Could Hit Rp 1 in 19 Trading Days If Daily Selloff Continues: Analyst
GOTO plunged another 13.5% on Wednesday to Rp 32, hitting the lower auto-rejection limit for a third consecutive session.
IDX Removes Rp 50 Stock Price Floor, Sets New Minimum at Rp 1
IDX is lowering its minimum share price from Rp 50 to Rp 1, allowing low-priced stocks greater room to reflect market supply and demand.
Only 7 Companies Remain in Indonesia’s 2026 IPO Pipeline
Global volatility and geopolitical uncertainty weigh on Indonesia’s IPO pipeline, with just seven companies in the queue in 2026.
Indonesia Finalizes Rules for Stock Exchange Demutualization
OJK expects to issue IDX demutualization rules this month, paving the way for broader ownership of Indonesia’s stock exchange.
IDX Partners with Alpaca to Expand Indonesian Investors’ Access to Global Markets
IDX is preparing Alpaca connectivity that could allow Indonesian brokerages to offer clients regulated access to overseas financial markets.
Indonesia Stock Exchange Loses Rp 18 Trillion in Market Value in a Week
IDX lost Rp 18 trillion in market value this week as the benchmark index and key trading indicators ended lower.The Latest
Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development
Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026
AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996
Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore
Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Jakarta Outranks Amsterdam in Global Public Transport Survey
Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.Most Popular
