Rights Issue Schedule 2026: 9 Issuers with Tens of Trillions in Total Funds
From Rp5.94T (MPPA) down to Rp113M (PADI) — some have already received an effective date, while others are still awaiting the issuer. Here is the complete list of rights issues you need to monitor in the second half of 2026.
Overview
At least 9 issuers are currently in the process of a rights issue in 2026 — with total targeted funds reaching tens of trillions of rupiah. Five of them already have an effective schedule (Up Coming), while four others are still awaiting OJK approval or market stabilization.
The amounts vary — from hundreds of billions to nearly Rp6 trillion. Ratios also range widely, with aggressive ones like 1:3 and 5:1, and moderate ones like 27:14.
📅 Already Have an Effective Schedule
Largest fund target among all issuers. Operates in the retail sector (Hypermart, Lion Super Indo).
Bakrie & Brothers — national conglomerate. Large funds for restructuring and expansion.
Relatively small fund, exercise price Rp350.
Ratio 1:3 — buy 1 old share, entitled to 3 new shares. Fund Rp266M.
Pyridam Farma — pharmaceutical sector. Price and ratio details not yet announced.
⏳ Still Awaiting Issuer
Massive funds nearly Rp2T, but still held up at OJK.
Ratio 1:2 — buy 1 old share to get 2 new shares. One of the postponed issues.
Unique ratio 200:57 — for every 200 old shares, entitled to 57 new shares.
Aggressive ratio 5:1, low exercise price of Rp50/share.
🌊 Awaiting Market Stability
Still waiting for market conditions to stabilize before continuing the process.
What Should Investors Know?
1. Rights issues aren't always negative. Although potentially dilutive, a rights issue can be a signal that the company needs funds for expansion or restructuring. What matters is the intended use of the funds.
2. Check the exercise price. If the exercise price is well below market price, the HMETD can be sold. Don't miss the HMETD trading window — usually only a few days.
3. Monitor the OJK status. Issuers that are still "Postponed" mean there is no certainty on when they will become effective. Don't enter new positions just because of rights issue rumors.
4. Calculate scenarios. Use a rights issue calculator to compare scenarios of participating vs. not participating — and determine the best strategy for your portfolio.
💡 Use our rights issue calculator to calculate scenarios of participating vs. not participating
Open Calculator →Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data is sourced from various public sources and may change at any time. Investment decisions are solely the reader's responsibility. Always conduct your own research and consult with your financial advisor.