Some time ago, many companies have planned to list down their stocks on the Indonesia Stock Exchange through the Initial Public Offering (IPO). The IDX initially targeted 30 companies to become public in 2017, with 15-17 of them to be publicized in the first half of the year. Recently, there are some new issuers that have created a buzz amongst the market participants due to their skyrocketing share prices. Which ones are they?

1. PT Kioson Commercial Indonesia Tbk (KIOS)

IPO Date: October 5, 2017. IPO Share Price: Rp375 per share

PT Kioson Commercial Tbk Indonesia is an online-to-offline company (O2O) that focuses on integrating online merchants with offline customers through a partnership network. It has been reported that its stock price drastically increased by 782% on October 20, 2017, where it rose from Rp375 to Rp3,310. This is equivalent to an eightfold gain.

2. PT Malacca Trust Wuwungan Insurance Tbk (MTWI)

IPO Date: October 11, 2017. Share Price: Rp100 per share

Established in 1952, PT Malacca Trust Wuwungan Insurance Tbk (MTWI) is one of the oldest general insurance companies in Indonesia. Their business covers primarily on property, motor vehicles, health, and individual accidents. They have become a a pioneer in the digital general insurance industry as it processes their transactions and insurance claims through a dedicated mobile application. On October 20, 2017, nine days after their trading debut, MTWI’s shares rose by 585% to the current amount of Rp 685.

3. PT Kapuas Prima Coal Tbk (ZINC)

IPO Date: 16 October 2017. Price of IPO Shares: Rp 140 per share

PT. Kapuas Prima Coal engages in the mining and trading business and were established in 2005. 15 days after its public listing, on October 31, 2017, its stock prices rose by up to 1,135% to Rp 1,730.

4. PT M Cash Integrasi Tbk (MCAS)

IPO Date: November 1, 2017. Price of IPO Shares: Rp 1,385 per share

MCAS provides digital wholesale trading network to customers with the basis of fees/contract. Currently, their main activities include digital product distribution and e-commerce. On November 3, 2017, three days after listing, MCAS share price jumped up by 98.5% to Rp 2,750.