February 6, 2026 | 05:28 pm
TEMPO.CO, Jakarta - Indonesia Stock Exchange (IDX) has issued a draft adjustment to Regulation Number I-A regarding the Listing of Shares and Equity Securities Other than Shares Issued by Listed Companies. This regulation increases the minimum free float shares from 7.5 percent to 15 percent.
The regulation states that for prospective listed companies with a market capitalization of shares less than Rp5 trillion, the minimum number of shares that can be listed on the exchange is 25 percent.
Furthermore, companies with a share capitalization of Rp5 trillion up to Rp50 trillion are subject to a minimum free float of 20 percent. The draft reads, "At least 20 percent of the total shares to be listed on the Exchange, for Prospective Listed Companies with a share capitalization at the time before the listing of at least Rp5,000,000,000,000 up to Rp50,000,000,000,000," as quoted on Friday, February 6, 2026.
On the other hand, prospective listed companies with a share capitalization of more than Rp50 trillion will be subject to a minimum free float of 15 percent. To be eligible for listing on the main board, companies must have a minimum of 10,000 Single Investor Identification (SID) holders after their initial public offering (IPO). Meanwhile, prospective companies seeking to be listed on the stock exchange must have at least 1,000 SID holders one month before submitting their listing application.
To be listed on the development board, companies must have a minimum of 5,000 SID holders after the IPO. Meanwhile, prospective listed companies originating from public companies are required to have a minimum of 500 SID holders one month before submitting the listing application.
"The implementation of this regulation adjustment is planned for March 2026," said IDX Corporate Secretary Kautsar Primadi Nurahmad in an official statement quoted on Friday, February 6, 2026. Draft Regulation Number I-A can be accessed through https://www.idx.co.id/id/peraturan/rancangan-peraturan/. The period for collecting input from market participants takes place from February 4 to 19, 2026.
Read: IDX Aims to Roll Out Free-Float Stock Regulations in March
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