RANS raises Rp429.25 billion in IPO, shares debut on BEI
Nearly 1 million investors joined the order book, with proceeds set for concerts, cosmetics, AI and Cipungland.
PT RANS Entertainment Indonesia Tbk officially listed its shares on the Bursa Efek Indonesia on 10 July 2026 under the ticker RANS. The company raised Rp 429,25 miliar from the sale of 2,525 miliar new shares, equal to 20,02 percent of issued and fully paid capital, at Rp 170 per share. On the first day of trading, RANS opened higher amid strong market interest. Republika reported that the IPO was oversubscribed, with nearly one million investors taking part in the order book. Proceeds will go toward concerts, the acquisition of 51 percent of PT Rans Kosmetika Indonesia, development of Cipungland, an investment in a joint AI venture with PT Feedloop Global Teknologi, partial repayment of investment loans, and working capital for PT Rans Nikmat Sejahtera.