Langsung Paham Rahasia Teknis dalam Proses IPO | Penawaran Saham Perdana | Initial Public Offering

Summary

This video provides a comprehensive guide to the IPO (Initial Public Offering) process, focusing on its key stages: preparation, registration, and going public. The speaker outlines the critical roles of supporting professionals like notaries, auditors, and legal experts in ensuring a smooth IPO. Emphasizing the costs and time involved, the video warns business owners of the complexities of the process and the importance of early consultation with experienced professionals to minimize delays and reduce costs. It’s a valuable resource for any business owner looking to understand the intricacies of taking their company public.

Takeaways

• 😀 IPO is a complex process involving three main stages: preparation, registration, and going public.
• 😀 Preparation involves consulting with professionals such as financial advisors, notaries, appraisers, and legal experts to get the company ready for IPO.
• 😀 The IPO process requires significant costs, including professional fees, regulatory charges, and auditing, which can amount to millions of rupiahs depending on the company's size and complexity.
• 😀 The registration stage involves engaging with stakeholders like Bank Indonesia (BI) and the Financial Services Authority (OJK) to officially register the company for the IPO.
• 😀 Going public means offering shares to the public, with the company deciding the percentage of shares to release and how much equity to retain internally.
• 😀 Time management is crucial in the IPO process, as activities must run in parallel and delays can lead to additional costs and extended timelines.
• 😀 Financial audits, particularly by public accountants (KAP), are necessary, and the company must have clean and accurate financial records for the past several years.
• 😀 Legal considerations are essential, such as ensuring compliance with employment laws, corporate governance standards, and regulations regarding the company's legal structure.
• 😀 Companies should have a 5-year financial forecast to help investors assess the potential returns and risks before investing in the IPO.
• 😀 Supporting professionals, including notaries, appraisers (KJPP), and legal advisors, are critical to ensure the company complies with all regulations and properly structures its IPO.

Q & A

What is the general process for an IPO (Initial Public Offering) as outlined in the transcript?

The IPO process is divided into three main stages: preparation, registration, and the public offering. In the preparation phase, businesses work with consultants and professionals to organize legal, financial, and structural elements. The registration phase involves coordination with regulators like OJK (Financial Services Authority) and other relevant stakeholders. Finally, during the public offering phase, the company offers shares to the public, and the funds raised are used as outlined in the prospectus.

What are the key professionals involved in the IPO process?

The key professionals involved include notaries, valuators (KJPP), accountants (KAP), and legal teams. These professionals help with legal documentation, financial audits, company valuation, and ensuring compliance with regulations.

Why is pre-IPO consultation important for a company?

Pre-IPO consultation is important because it helps businesses understand the technical and legal requirements, plan ahead for financial audits, and avoid common pitfalls. This preparation can save time and reduce the overall cost of the IPO process.

How long does the IPO process typically take?

The IPO process usually takes about one year. This includes preparation, registration, and the public offering phases, and companies must ensure all aspects of their business and finances are in order during this time.

What are the financial costs associated with the IPO process?

The IPO process involves significant costs, including fees for notaries, accountants, valuators, and legal teams. The cost can vary based on the complexity of the company’s situation, with larger or more complex companies potentially facing higher fees.

What is the role of KJPP (valuer) in the IPO process?

KJPP (the appraiser) is responsible for valuing the company’s assets, both tangible and intangible. This valuation helps determine the company's financial standing and is crucial for preparing the IPO documentation, including financial reports and the prospectus.

How do legal and financial audits impact the IPO process?

Legal and financial audits are vital because they ensure the company’s records are accurate, compliant with regulations, and transparent to investors. These audits help determine the company’s financial health and legal standing, which are essential for investor confidence and successful registration with regulatory bodies like OJK.

Why is it crucial for businesses to focus on corporate governance during the IPO process?

Corporate governance is critical because it ensures the company is structured in a way that meets legal and regulatory standards. This includes appointing credible independent commissioners, establishing clear shareholding structures, and ensuring the company's management follows best practices in accountability and transparency.

What is the purpose of the forecast in the IPO process?

The forecast provides a projection of the company’s financial performance for the next 5 years. It helps investors assess the potential future growth and stability of the company, and it’s an essential part of the IPO documentation to provide clarity on how the funds raised will be used.

How does a company’s legal structure affect its IPO?

A company’s legal structure, including its articles of association, shareholder composition, and compliance with local business laws (such as licenses and registrations), must be clear and accurate. Discrepancies in legal documentation or business practices can delay or prevent an IPO, especially if they don’t comply with regulations set by bodies like OJK.