PT Bach Multi Global Tbk. (BACH) made an impressive debut in the Indonesian capital market during its initial trading session on Wednesday (8/7/2026). The company's shares immediately surged 24.43% to Rp550 per share, hitting the upper auto rejection limit (ARA) shortly after the market opening.
This corporate action is part of an initial public offering (IPO) in which the company released 615 million new shares, equivalent to 15.06% of the total issued and fully paid-up capital. With an offering price range of Rp400 to Rp500, the company is estimated to have raised Rp307.5 billion in fresh capital.
BACH management emphasized that the proceeds from the IPO will focus on strengthening the financial structure and expanding business operations. Under the plan, 70% of the funds will be allocated as working capital for generator procurement to meet high market demand. Meanwhile, the remaining 30% will be used to pay off a portion of bank debt to lower the company's leverage ratio.
The company's fundamental performance throughout 2025 drove investor optimism, with net profit surging sharply by 97.5% to Rp155 billion. This profit growth was supported by revenue rising 40% to Rp1.73 trillion, driven by the generator sales and rental segment as well as long-term telecommunications infrastructure maintenance contracts.
As a company established for two decades, BACH possesses a robust client portfolio spanning banking, energy, and major telecommunications firms such as Indosat Ooredoo Hutchison and Huawei. Moving forward, the company targets revenue growth reaching Rp3 trillion by 2030, driven by operational efficiency and the strengthening of its core business in the national digital infrastructure sector.
