The Indonesia Stock Exchange (IDX) said seven companies are preparing to go public, adding momentum to what has already been a busy year for equity fundraising, Indonesia Business Post reports.

IDX director of corporate valuation I Gede Nyoman Yetna said the pipeline includes four medium-scale firms with assets between IDR50bn and IDR250bn ($3–$15mn) and three larger companies with assets above IDR250bn. No small-scale issuers are currently in line.

“As of August 29, 22 companies have gone public this year, raising IDR10.39 trillion in fresh funds,” Nyoman said in a statement on September 1.

The upcoming listings span a range of industries: basic materials, non-cyclical consumer goods, financials, industrials, technology, and transportation & logistics.

Among potential listings, market attention is fixed on the gold sector. PT Merdeka Copper Gold (MDKA) is said to be preparing its subsidiary Pani, which manages a massive gold project in Gorontalo, for an IPO. The project is 67% complete, with trial operations expected late 2025 and first production targeted for early 2026. A listing could pave the way for Pani’s inclusion in the gold index. MDKA declined to comment on the rumors.

PT Intam, a subsidiary of PT Petrindo Jaya Kreasi (CUAN), is also rumored to be weighing an IPO, following billionaire Prajogo Pangestu’s move to list PT Chandra Daya Investasi in July. CUAN said it has no firm IPO plans but is evaluating opportunities.

In real estate, PT Summarecon Agung (SMRA) is preparing its investment arm, Summarecon Investment Property (SMIP), for a potential flotation. The company confirmed it is auditing interim financial statements as of June 30 ahead of a possible corporate action. SMRA’s management said market conditions will guide the timing.

The IPO pipeline underscores continued depth in Indonesia’s equity market, even as volatility from recent political unrest weighs on investor sentiment.