What is e-IPO for Indonesian stocks on Pluang?

e-IPO is a planned Pluang feature that will let you participate in Indonesian stock IPOs directly through the app — ordering shares in companies going public on the Indonesia Stock Exchange (IDX/BEI) before they list for regular trading. e-IPO is not yet available on Pluang: the feature is currently awaiting regulatory approval before it can launch. Once live, participation will follow the standard four-stage IDX e-IPO process — Book Building, Public Offering, Allotment, and Distribution + Listing. To participate once the feature launches, you'll need completed Indonesian Stocks (IDSS) KYC and an active RDN.

The 4 stages of an e-IPO (planned process):

1. Book Building — The IPO opens for orders at a price range, not yet final. You submit your desired price and lot quantity; funds go "On Hold" in your RDN. One order per IPO; amend (lot only) or cancel until Public Offering ends.
2. Public Offering (Penawaran Umum) — The final IPO price is set. If it matches your order, you confirm by accepting the prospectus; if not, your order drops but you can place a new one at the final price. Orders here cannot be cancelled or amended.
3. Allotment (Penjatahan Efek) — Shares are allocated; if oversubscribed, you may receive fewer lots than ordered — excess funds return to your RDN.
4. Distribution + Listing — Shares land in your Pluang portfolio and become tradable; Distribution is D+1 after allotment, Listing is D+1 after distribution.

Requirements to participate once launched:

• Completed Indonesian Stocks (IDSS) KYC on Pluang
• An active RDN — opened automatically during IDSS KYC
• No separate e-IPO registration step — Pluang will handle this automatically on your first order

Related questions:

Q: When will e-IPO launch on Pluang?
There is no confirmed launch date yet — Pluang is awaiting regulatory approval. Once confirmed, an e-IPO icon will appear on the homescreen whenever there's an ongoing IPO.

Q: Will I be able to cancel my e-IPO order once the feature launches?
Based on the planned process, yes — during Book Building and up to the end of Public Offering. Cancellation will not be possible after that.

Q: What will happen to my funds while an e-IPO order is pending?
Funds will be placed "On Hold" in your RDN from submission until distribution or cancellation, with any excess from oversubscription returned automatically.

Q: How many e-IPO orders can I place for a single IPO?
Only one order per IPO is planned; you'll be able to amend the lot quantity but not place multiple separate orders.

Q: Do I need special KYC beyond regular Indonesian Stocks verification to use e-IPO?
No additional KYC is expected — completed Indonesian Asset Verification and an active RDN should be sufficient once the feature launches.