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The Four IDX Listing Boards

Each board has a different entry ticket. Per IDX Rules I-A 2026, I-V and I-Y. S1 S2

Main Board

Established companies

For profitable mid-to-large companies seeking prestige, liquidity and index inclusion.

Development Board

Growth companies

The official stepping-stone to the Main Board — promotion reviews each May & November. S7

Acceleration Board

UKM / SME

For SMEs and early-stage companies. Mind the special-monitoring risk for low-priced shares. S5

New Economy Board

High-growth tech

Honest note: Main-Board-equivalent, not an easier track — GOTO & BELI moved to the Development Board in May 2026. S8 S15

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Compare the four boards

All figures from IDX Rules I-A 2026, I-V, and I-N — click a source chip to trace them.

Compare:vs

Board	Main	Development	Acceleration	New Economy
Who it's for	Established, profitable	Growth-stage	SME/startup — assets ≤ IDR 250 bn, independent S10	High-growth tech S8
Operating age	≥ 36 months S2	≥ 12 months S2	—	≥ 36 months S8
Audit	3 years, 2 unqualified S2	≥ 1 year S2	≥ 1 year S10	3 years, 2 unqualified S8
Positive retained earnings	✔ (new 2026) S1 S3	—	—	✔ S8
Losses allowed	✘	✔ profit projected by yr 2 (long gestation: yr 6) S6	✔ operating profit by yr 6 S10 S11	✘
Financial test (1 of 5 options)	e.g. profit + NTA ≥ IDR 250 bn S2 See all five options profit + NTA ≥ IDR 250 bn 2-yr profit ≥ 100 bn + cap ≥ 1 tn revenue ≥ 800 bn + cap ≥ 8 tn assets ≥ 2 tn + cap ≥ 4 tn 2-yr cash flow ≥ 200 bn + cap ≥ 4 tn S2	lighter options, e.g. NTA ≥ IDR 50 bn S2 See all five options NTA ≥ IDR 50 bn 2-yr profit ≥ 10 bn + cap ≥ 100 bn revenue ≥ 40 bn + cap ≥ 400 bn assets ≥ 250 bn + cap ≥ 500 bn cash flow ≥ 20 bn + cap ≥ 400 bn S2	assets ≤ IDR 250 bn; raise cap 50/250 bn S10 See all five options assets ≤ IDR 250 bn & independent of big groups raise capped at IDR 50 bn (small) / 250 bn (medium) S10	= Main + CAGR ≥ 30% S8 See all five options all Main Board options revenue CAGR ≥ 30% + tech-based innovation S8
Free float & holders	25/20/15% by cap · ≥ 300 m shares · ≥ 1,000 holders S1 S2	≥ 150 m shares · ≥ 500 holders S2	≥ 20% · ≥ 300 holders S11	= Main
Funds raised	—	—	max IDR 50 bn / 250 bn S10	—
Lock-up / special terms	12-month controller lock-up S3	Board-promotion review every May & Nov S7	Min price IDR 50 · simplified prospectus S10 S11	Multiple-voting shares · -K/-I notations S9 S8
Listing fee	Regular	Regular	Flat IDR 25 m S12	Regular