Jakarta, IDN Times – The Financial Services Authority (OJK) has stated it has not received any information regarding the rumored initial public offering (IPO) of PT Super Bank Indonesia, commonly known as Superbank.
This statement comes after a period where numerous investors shared leaked prospectus documents detailing Superbank’s alleged IPO plans on the Indonesia Stock Exchange (BEI or IDX).
“I haven’t received any updates on this,” said Inarno Djajadi, OJK’s Chief Executive of Capital Markets, Financial Derivatives, and Carbon Exchange, to the media, as quoted on Sunday (November 16, 2025).
1. IDX’s Response to Superbank IPO Rumors
Meanwhile, I Gede Nyoman Yetna, Director of Company Assessment at BEI, affirmed that the exchange currently refrains from disclosing information that is not yet ready for public release.
“As a regulator, we cannot provide information until it is appropriate to do so,” he explained, emphasizing the need for official confirmation.
Nyoman further added that the BEI has already successfully listed five “lighthouse” companies through IPOs this year, signaling a robust capital market.
2. Three More “Lighthouse” Companies in This Year’s Pipeline
Despite the cautious stance on Superbank, Nyoman expressed optimism, stating that three more “lighthouse” companies are still in the pipeline, with hopes for them to complete their IPOs before the end of the year.
“There are three in the pipeline that we hope will be listed this year, exceeding our initial target,” he elaborated, highlighting the positive momentum in Indonesia’s capital market.
For context, a “lighthouse company” is defined as a company with a market capitalization exceeding Rp3 trillion and a minimum free float of 15 percent, or a free float value of at least Rp700 billion, indicating significant market presence and liquidity.
3. Details from the Leaked Superbank IPO Prospectus
According to the widely circulated prospectus, Superbank is slated to conduct its IPO with an estimated initial offering period from November 17-24, 2025, and an effective date set for December 3 of this year.
The public offering of shares is reportedly scheduled for December 5-9, 2025, with the anticipated listing of shares on the stock exchange on December 11, 2025. Superbank, a prominent player in the banking sector, is expected to offer approximately 5.2 billion Series A common shares, equivalent to 15 percent of its issued and fully paid-up capital. This offering could potentially raise funds valued at Rp5.36 trillion.
The preliminary prospectus also reportedly names PT Mandiri Sekuritas, CLSA Sekuritas Indonesia, PT Trimegah Sekuritas Indonesia Tbk, and PT Sucor Sekuritas as the appointed joint lead underwriters for the securities issuance.
It is important to note that a Superbank spokesperson has firmly reiterated that the company’s current focus is on maintaining strong performance by delivering innovative financial solutions, expanding its customer base, and strengthening collaborations within its trusted ecosystem to foster inclusive economic growth in Indonesia.
“Superbank does not comment on market rumors or speculation. Our focus remains on maintaining strong performance through innovative financial solutions, growing our customer base, and collaborating with trusted ecosystems to drive inclusive growth in Indonesia,” the Superbank spokesperson affirmed.
Summary
The Financial Services Authority (OJK) and Indonesia Stock Exchange (IDX) have not received official information regarding the rumored initial public offering (IPO) of PT Super Bank Indonesia (Superbank). OJK’s Chief Executive, Inarno Djajadi, confirmed no updates have been received, while IDX’s Director I Gede Nyoman Yetna stated the exchange refrains from disclosing unconfirmed details. Superbank itself has declined to comment on market speculation, reiterating its focus on business performance and customer base expansion.
Despite the lack of official confirmation, widely circulated leaked documents suggest Superbank’s IPO could proceed with an initial offering period from November 17-24, 2025, and an anticipated listing on December 11, 2025. These documents indicate an offering of approximately 5.2 billion Series A common shares, aiming to raise Rp5.36 trillion. Separately, the IDX reported a robust capital market, having already listed five “lighthouse” companies this year, with three more expected before year-end.
