The Indonesia Stock Exchange (IDX) noted that 19 companies plan to carry out an initial public offering (IPO) in the share listing pipeline so far, as of Wednesday (21/4).

IDX Director of Company Assessment, I Gede Nyoman Yetna revealed, currently, 19 companies are still undergoing an evaluation process, and they have not yet established their bid prices.

"We cannot convey the estimated fundraised value because no bid price has been established yet," said I Gede Nyoman Yetna in an official statement, Thursday (22/4).

Based on the asset classification, as many as six companies that will conduct an IPO are included in companies with small asset scales or below Rp50 billion. Then, eight companies were in the medium asset scale or between Rp50-250 billion, and five companies were large-scale asset companies or above Rp. 250 billion.

Based on the sector, two companies came from the basic materials sector, two companies from the indus