23 Indonesian SMEs receive coaching for potential stock market listings
Food and beverage businesses account for about 40 per cent of participants, while fashion companies make up 20 per cent.
Indonesia’s Ministry of Micro, Small and Medium Enterprises is coaching 23 small and medium-sized businesses that could pursue initial public offerings on the Indonesia Stock Exchange, ministry deputy Bagus Rachman said on 2 November 2026.
Speaking after the launch of the Go Public Academy for SME at the exchange, Bagus said hundreds of companies had registered, but only 23 had gone through the selection and verification process. Around 40 per cent of participants operate in food and beverages, 20 per cent in fashion and the remainder in other sectors.
The academy forms part of Rise to IPO, a long-term initiative involving the ministry and the exchange to help smaller businesses develop into publicly listed companies. Bagus said the coaching programme had reached 33 cities in 2026.
Participants follow seven stages covering business preparation through to drafting a prospectus. They must also meet requirements including having their financial statements audited.
Bagus stressed that each company would decide whether to pursue an IPO. He said the programme prioritised companies’ quality and readiness to list or access capital markets, rather than simply increasing the number of IPOs.
As of July 2025, the exchange’s Acceleration Board had 42 listed issuers, according to Bagus.
