Superbank Shares Soar on IDX, Securing Mid-Tier Bank Status
Jakarta. Super Bank Indonesia (Superbank), officially debuted on the Indonesia Stock Exchange (IDX) on Wednesday, with its shares jumping to the upper trading limit shortly after listing.
Trading under the ticker SUPA, the company's shares surged 24.41%, hitting an auto-reject upper limit, following an initial public offering that raised Rp 2.79 trillion ($167.03 million) in fresh funds. The lender priced its IPO at Rp 635 per share, offering 4.4 billion shares, equivalent to 13% of its issued and paid-up capital after the listing.
The public offering period ran from Dec. 10 to Dec. 15, with the shares formally listed on Dec. 17. Investor appetite was strong, with the IPO oversubscribed by 318.69 times during the offering period.
Superbank said around 70% of the net IPO proceeds will be allocated to working capital, primarily to expand lending to underbanked retail customers and micro, small and medium enterprises. The remaining 30% will be used for capital expenditure, including the development of funding and financing products, digital payment systems, information technology infrastructure, operational system enhancements, and long-term investments in artificial intelligence, data analytics and cybersecurity. Capital spending will be deployed gradually from 2026 over the next five years.
Following the IPO, Superbank’s core capital rose to Rp 8 trillion ($478.87 million), lifting the digital lender — backed by Grab, Emtek, Singtel, KakaoBank and GXS — into the mid-tier (KBMI 2) capital category. As of September 2025, its core capital stood at Rp 4.88 trillion, placing it in KBMI 1.
“Under OJK regulations, banks with core capital above Rp 6 trillion fall into KBMI 2. As of today we qualify as KBMI 2,” President Director Tigor M. Siahaan said during the listing ceremony in Jakarta.
Tigor added that while there is a formal process with the Financial Services Authority (OJK) for reclassification, Superbank already meets the requirements and considers its current capital sufficient for short- and medium-term needs.
The OJK has encouraged smaller banks to strengthen their capital above Rp 6 trillion to move into KBMI 2, as part of efforts to bolster banking sector resilience and competitiveness.
Post-IPO, Superbank’s shareholders include Elang Media Visitama, a subsidiary of Elang Mahkota Teknologi, Kudo Teknologi Indonesia, A5–DB Holdings, GXS Bank, KakaoBank and Singtel Alpha Investments. Company disclosures as of August 2025 show that Grab Holdings holds stakes in Superbank through Kudo Teknologi Indonesia, A5–DB Holdings and GXS Bank.
Tags: Keywords:Related Articles
MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday
Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.Indonesian Bank Stocks Hit Pandemic-Era Valuations After MSCI Shock
Indonesian bank stocks hit crisis-era lows as MSCI's downgrade proposal sparks a selloff and fuels fears of foreign outflows.Black Week for Indonesia Stocks Exchange as Market Loses $85 Billion
Indonesia’s stocks plunged 14.91% in a week, wiping out $94 billion in market value as MSCI weighs a downgrade to standalone status.Indonesia Fines DSSA, BREN and CUAN Rp 2.1 Trillion for Market Violations
OJK fines DSSA, BREN and CUAN Rp 2.1 trillion over stock manipulation and alleged irregularities in share offerings.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.Explainer: What Is MSCI Market Classification and Why Does It Matter for Indonesia?
MSCI classifies stock markets as developed, emerging, frontier or standalone. Here’s how the system works and why Indonesia’s status mattersOJK 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.Indonesia Braces for MSCI Review in November
MSCI has given Indonesia time until November, warning that it could downgrade Jakarta’s status to frontier markets.Jakarta Stocks Rise 1.21% as Indonesia Lags in AI Boom
Indonesia’s stocks gained 1.21% as the World Bank said the country is lagging Malaysia and Vietnam in benefiting from the AI boom.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.The Latest
Students Plan Jakarta Protests to Mark Two Years of Prabowo's Presidency
Police have advised the public to avoid areas around the House of Representatives complex, the National Monument and the State Palace.UN Boss Commends Indonesian Forest Protection Despite Persistent Haze Problem
Outgoing UN boss António Guterres' comment comes at an ironic time amid Indonesia's struggle with forest fires.Indonesia Must Benefit Most From Its Minerals: UN Chief
Outgoing UN chief António Guterres says that Indonesia must "retain a far greater share of the economic value" from its minerals.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.Most Popular
