It depends on the target board. Main Board: ≥36 months operating, 3 audited years (2 unqualified), positive retained earnings, and one of five financial size tests. Development Board: ≥12 months with lighter tests. Acceleration Board: independent SMEs with assets ≤ IDR 250 bn. Use the assessment above to see which fits. S1S2S10
Yes. The Development Board accepts loss-makers with operating profit projected by year 2 (or year 6 for long-gestation industries). The Acceleration Board allows until year 6. The Main Board requires positive retained earnings since 2026. S6S11
All-in usually 2.7–6% of proceeds. Execution ~3–4 months from filing; with preparation, 6–9+ months in total. S13
Corporate tax drops to 19% (from 22%) when ≥40% free float is held by ≥300 parties (PP 55/2022). Founder sell-downs on-exchange are taxed at a 0.1% final rate (+0.5% founder-share election) — far below private-sale taxation. S16S17
Taking over a listed company and injecting your business. Faster and offering-free, but brings a mandatory tender offer, a 20% refloat within 2 years, independent-shareholder votes, and hidden-liability risk. Sensible when speed matters more than raising capital. S18S19