Jakarta. Indonesia's capital market continues to demonstrate its strength as the steady flow of Initial Public Offerings (IPOs) on the Indonesia Stock Exchange (IDX) reflects sustained business confidence and growing investor trust. As the government intensifies efforts to deepen the capital market, IPOs are playing an increasingly important role in providing long-term financing for businesses while supporting the country's economic growth.

The latest milestone came with the listing of PT Niramas Utama Tbk (JELI) on the IDX, marking Indonesia's second IPO of 2026. The listing also became the first IPO since the appointment of Jeffrey Hendrik as the IDX's new president director, adding significance to the occasion.

Speaking at the opening bell ceremony in Jakarta, Coordinating Minister for Economic Affairs Airlangga Hartarto congratulated the new IDX leadership and highlighted the importance of maintaining the momentum of Indonesia's capital market.

"Congratulations to the new President Director of the Indonesia Stock Exchange. This is the first IPO under your leadership," Airlangga said.

The continued IPO activity comes despite heightened volatility in global and domestic financial markets, underscoring the confidence of Indonesian businesses in the country's economic outlook.

Indonesia's economy expanded by 5.61% in the first quarter of 2026, demonstrating resilience amid global economic uncertainty. The growth was supported by robust domestic consumption, rising investment, and the government's ongoing structural reforms aimed at strengthening the business climate.

One of the strongest contributors to the economy has been the food and beverage industry. During the first quarter of 2026, the sector accounted for 7.31% of Indonesia's gross domestic product (GDP), up from 7.20% a year earlier, while recording 7.04% growth, driven by stronger demand during major religious holiday periods.

Investment in the sector also remained healthy. Foreign direct investment reached Rp10.48 trillion, while domestic investment totaled Rp16.34 trillion during the first quarter, reflecting strong investor confidence in Indonesia's consumer market and long-term economic prospects.

The government's commitment to strengthening Indonesia's capital market is also reflected in continued regulatory reforms designed to enhance transparency, improve corporate governance, and strengthen investor protection.

A further vote of confidence came from global index provider MSCI, which reaffirmed Indonesia's Emerging Market status in its June 2026 review. The decision highlights the country's solid economic fundamentals and reinforces the growing credibility of Indonesia's financial markets among international investors.

Looking ahead, the government, together with the Financial Services Authority (OJK) and the Indonesia Stock Exchange, will continue expanding access to capital market financing, enabling more companies to accelerate business expansion, boost innovation, increase production capacity, and create quality employment opportunities.

The IPO pipeline also remains robust. Airlangga revealed that six additional companies are preparing to go public, reinforcing optimism that Indonesia's capital market will continue to play a pivotal role in financing sustainable and inclusive economic growth.

"There are six more companies scheduled to conduct their initial public offerings," Airlangga said.

The listing ceremony was attended by senior officials from the Indonesia Stock Exchange and PT Niramas Utama Tbk, including IDX Director of Company Assessment Saidu Solihin, President Commissioner Sadikun Wiratno, Independent Commissioner Rycko Amelza Dahniel, President Director Ham Japyusuf Hamdani, Director Adhi Siswaya Lukman, and members of the company's management team.

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