SUPA
Contact our analyst Avanza
Ticker Code : SUPA
Sector: Financials
Subsector: Banks
Key Highlights:
Market Cap. (IDR Tn) : 17,80 - 23,56
IPO Price (IDR) : 525 - 695
Company Profile
Superbank is a digitally focused bank committed to expanding financial inclusion in Indonesia. Its mission is to provide accessible digital financial solutions and broaden credit access for multiple customer segments, including MSMEs, through the Superbank ecosystem. This ecosystem is strengthened by two of Indonesia’s leading digital platforms—Grab and OVO—which support Superbank’s distribution and technology capabilities. Superbank was originally established in Bandung under the name PT Bank Fama Internasional, and obtained its Commercial Bank Business License from the Ministry of Finance in 1993. In 2023, the bank rebranded to PT Super Bank Indonesia and adopted the name “Superbank.” At the same time, its headquarters were moved to Jakarta to reflect its transformation into a technology-driven financial institution. This new phase followed a series of strategic developments: the bank joined the Emtek Group at the end of 2021, welcomed additional investment from Grab and Singtel in early 2022, and further strengthened its position in 2023 through a consortium led by KakaoBank.
Initial Public Offering Structure
Superbank conducted its initial public offering (IPO) on the Indonesia Stock Exchange, issuing 4,406,612,300 new common shares with a nominal value of IDR 100 per share. The offering represents 13% of the issued and fully paid-up capital and was offered to the public at a price range of IDR 525–695 per share. Through this IPO, Superbank aims to raise between IDR 2.31 trillion and IDR 3.06 trillion.
Use of Initial Public Offering Proceeds
Superbank plans to allocate 70% of the IPO proceeds as working capital to support credit distribution, in line with its strategy to expand lending across customer segments. The remaining 30% will be allocated to capital expenditures, disbursed gradually from 2026 onward over a five-year period. These expenditures will focus on developing Superbank’s funding, lending, and payment system products, with a strong emphasis on digital solutions to support sustainable growth. In addition, Superbank will strengthen its technology infrastructure by investing in systems development, artificial intelligence, data analytics, and cybersecurity, ensuring a robust, secure, and efficient digital banking foundation.
Superbank is a digitally focused bank committed to expanding financial inclusion in Indonesia. Its mission is to provide accessible digital financial solutions and broaden credit access for multiple customer segments, including MSMEs, through the Superbank ecosystem. This ecosystem is strengthened by two of Indonesia’s leading digital platforms—Grab and OVO—which support Superbank’s distribution and technology capabilities. Superbank was originally established in Bandung under the name PT Bank Fama Internasional, and obtained its Commercial Bank Business License from the Ministry of Finance in 1993. In 2023, the bank rebranded to PT Super Bank Indonesia and adopted the name “Superbank.” At the same time, its headquarters were moved to Jakarta to reflect its transformation into a technology-driven financial institution. This new phase followed a series of strategic developments: the bank joined the Emtek Group at the end of 2021, welcomed additional investment from Grab and Singtel in early 2022, and further strengthened its position in 2023 through a consortium led by KakaoBank.
Initial Public Offering Structure
Superbank conducted its initial public offering (IPO) on the Indonesia Stock Exchange, issuing 4,406,612,300 new common shares with a nominal value of IDR 100 per share. The offering represents 13% of the issued and fully paid-up capital and was offered to the public at a price range of IDR 525–695 per share. Through this IPO, Superbank aims to raise between IDR 2.31 trillion and IDR 3.06 trillion.
Use of Initial Public Offering Proceeds
Superbank plans to allocate 70% of the IPO proceeds as working capital to support credit distribution, in line with its strategy to expand lending across customer segments. The remaining 30% will be allocated to capital expenditures, disbursed gradually from 2026 onward over a five-year period. These expenditures will focus on developing Superbank’s funding, lending, and payment system products, with a strong emphasis on digital solutions to support sustainable growth. In addition, Superbank will strengthen its technology infrastructure by investing in systems development, artificial intelligence, data analytics, and cybersecurity, ensuring a robust, secure, and efficient digital banking foundation.
