Apa itu IPO? Ketika Saham Pertama Kali Listing di Bursa

Summary

This video explains the Initial Public Offering (IPO) process, from the initial stages to the final listing on the stock exchange. It covers key phases such as the pre-offer, offering, lotment, distribution, and listing day. The script introduces essential IPO concepts like under subscription and over subscription, and how shares are allocated based on demand. Additionally, viewers learn how to participate in IPOs through the StockBid app, making it easy to track upcoming and ongoing offerings. This informative guide helps demystify the IPO process for potential investors.

Takeaways

• 😀 IPO (Initial Public Offering) is the first sale of a company's shares to the public, making it a publicly traded company.
• 😀 After an IPO, a company becomes a 'PT Terbuka' (public company), meaning its financial data is accessible to the public.
• 😀 The first stage of an IPO is the Initial Offering (Book Building), where the company sets a price range and investors can place bids.
• 😀 The final IPO price is determined based on the demand from investors during the book building stage.
• 😀 Investors do not need to pay immediately during the Initial Offering phase, only placing orders within the specified price range.
• 😀 The second stage is the Public Offering (Offering or Polling), where investors place orders at the finalized price and must deposit funds into their RDN (Investor’s Cash Account).
• 😀 The Public Offering stage typically lasts 3-5 working days, and investors must finalize their purchase within this time frame.
• 😀 Effect Allocation (Lotment) is the stage where investors are assigned shares. In an under-subscribed IPO, investors receive the full amount they ordered.
• 😀 In an over-subscribed IPO, investors may receive fewer shares than they ordered due to higher demand.
• 😀 In case of an under-subscribed IPO, any remaining shares are absorbed by an underwriter who ensures the IPO is fully subscribed.
• 😀 The final stage of an IPO process is Listing Day, where the company’s shares are officially listed and start trading on the stock exchange.
• 😀 Stockpit allows users to participate in IPOs directly via the 'eipo' tab, where they can view upcoming IPOs and track the stages of each offering.

Q & A

What is an Initial Public Offering (IPO)?

An Initial Public Offering (IPO) is the first sale of a company's shares to the public, marking the company's entry into the stock market. It transforms a company into a publicly traded entity, which means its financial data becomes accessible to the public.

What is meant by 'going public' in the context of an IPO?

'Going public' refers to the process a company undergoes when it offers its shares to the public for the first time through an IPO, thereby becoming a publicly traded company.

What is the first step in the IPO process?

The first step is the initial offering or 'book building.' In this stage, the company sets a price range for its shares, and investors place bids within that range to determine the final price of the IPO.

How does the 'book building' process work in an IPO?

In the book building process, investors can place bids within a specified price range for the IPO. The company collects these bids, and based on the demand, determines the final offering price. This step helps gauge market interest.

What happens if there is high demand for an IPO?

If an IPO is in high demand, investors tend to bid at the higher end of the price range, which could lead to the final IPO price being set at the top of the range. This is commonly referred to as a 'hot IPO.'

What does it mean when an IPO is 'under-subscribed'?

An IPO is considered under-subscribed when the demand for shares is lower than the number of shares being offered. In this case, the final IPO price is typically set at the lower end of the price range.

What is the 'offering' or 'polling' phase in an IPO?

The offering or polling phase follows the book building process. At this stage, the IPO price is fixed, and investors can commit to purchasing shares. Investors must deposit funds in their designated accounts for the shares they intend to purchase.

What is meant by 'allotment' in the IPO process?

Allotment refers to the distribution of shares to investors based on their bids during the offering phase. Investors may receive fewer shares than they requested, depending on demand and whether the IPO is over-subscribed or under-subscribed.

What happens during the 'lotment' phase if an IPO is 'over-subscribed'?

If an IPO is over-subscribed, meaning more shares are requested than available, the allotment process adjusts by distributing fewer shares to investors. For example, if an investor requested 100 shares, they may only receive 50 due to high demand.

What occurs during the 'listing day' in an IPO?

The 'listing day' is the final phase of the IPO process, where the company’s shares are officially listed on the stock exchange, making them available for public trading. This marks the company's official entry into the stock market.

Can investors subscribe to an IPO using a specific app?

Yes, investors can subscribe to IPOs through applications like Stockbit. They can view a list of companies conducting IPOs, their schedules, and follow the different stages of the IPO process directly from the app.