Six companies, including RANS, line up for July IPOs on IDX

Healthcare firms dominate this month’s listings as celebrity-backed RANS prepares market debut.

Six companies are scheduled to go public on the Indonesia Stock Exchange (IDX) this month, spanning media, healthcare, telecommunications infrastructure and consumer goods.

The lineup is led by PT RANS Entertainment Indonesia, the media company founded by celebrity entrepreneurs Raffi Ahmad and Nagita Slavina.

The July IPO candidates include:

• PT RANS Entertainment Indonesia (RANS) – Founded by Raffi Ahmad and Nagita Slavina, RANS operates digital media, events, concerts, intellectual property and consumer brands, including Slavina Beauty. The company is also expanding into artificial intelligence through joint ventures.
• PT Nitrasanata Dharma (JECX) – Operator of the JEC eye hospital network, with five hospitals and 11 clinics nationwide. The company specializes in premium ophthalmology services, including cataract, LASIK and retinal treatment.
• PT Prodia Diagnostic Line (PRDL) – A subsidiary of Prodia Group, PRDL manufactures diagnostic reagents and laboratory equipment distributed across more than 370 cities and regencies. The company also partners with Germany’s DiaSys Diagnostic GmbH.
• PT Esa Medika Mandiri (EMMI) – Medical equipment manufacturer and distributor supplying more than 200 hospitals, with a significant portion of revenue generated through government procurement.
• PT Bach Multi Global (BACH) – Provides power generators and telecommunications infrastructure maintenance, supporting around 41,000 telecom sites for major operators including Telkomsel, Indosat and XL.
• PT Niramas Utama (JELI) – Producer of INACO dessert products, including nata de coco, jelly and pudding. The company controls nearly half of Indonesia’s dessert market and exports to seven countries, including Japan, the United States and Australia.

Healthcare companies account for half of this month’s IPO pipeline, while the remaining listings reflect continued investor interest in consumer, infrastructure and media businesses.