IDX e-IPO Analytics
IDX · 2021–2026251 DEALS/243 LISTED/8 N/L
Choppy IPOs
95
JCI < MA200 at listing · 243 listed
Median D1
+19.2%
first-day pop
Median D7
+15.0%
held 7 days
Win Rate D7
66%
green after 7 days
Best D7
+490.0%
COIN
Worst D7
-64.3%
BRRC
Choppy vs performing — the 7-day fade
median cumulative · n=95 choppy / 148 performing
In choppy tape the median deal pops +19.2% on D1 and sits at +15.0% by D7, versus +12.6% for listings into a rising market — a -2.4% gap at the one-week mark.
Return milestones by regime
median cumulative · % up
| Hold | Choppy med | Choppy %up | Perform med | Perform %up |
|---|---|---|---|---|
| D1 | +19.2% | 78% | +22.3% | 78% |
| D3 | +20.0% | 72% | +14.8% | 67% |
| D5 | +19.0% | 69% | +12.9% | 70% |
| D7 | +15.0% | 66% | +12.6% | 68% |
D+7 return, every choppy-market deal
listed earliest → most recent · dashed line: cohort median +15.0% · hover or tap a dot for detail
Over +50% 280% to +50% 35Below 0% 32
Outcome distribution by regime
share of each cohort by D7 return · choppy vs performing
Choppy markets are more polarized: 15% of deals fell 25%+ by D7 (vs 11% in a rising market) and 19% more than doubled (vs 15%) — fewer land in the safe middle.
By sector — choppy tape
median cumulative · strongest D7 first · n per sector
| Sector | n | Med D1 | Med D3 | Med D5 | Med D7 |
|---|---|---|---|---|---|
| Energy | 5 | +24.8% | +68.5% | +47.2% | +106.0% |
| Technology | 8 | +20.6% | +49.9% | +46.9% | +61.3% |
| Transportation & Logistic | 8 | +29.6% | +54.3% | +63.2% | +55.3% |
| Healthcare | 9 | +24.8% | +31.0% | +19.0% | +22.0% |
| Infrastructures | 5 | +6.0% | -0.7% | +4.7% | +15.3% |
| Financials | 3 | +35.0% | +5.0% | +11.7% | +11.1% |
| Consumer Cyclicals | 14 | +10.0% | +14.3% | +8.6% | +8.6% |
| Basic Materials | 11 | +11.3% | +10.0% | +3.8% | +8.5% |
| Industrials | 10 | +16.8% | +13.6% | +11.7% | +6.8% |
| Consumer Non-Cyclicals | 15 | +17.3% | +17.9% | +8.5% | +4.8% |
| Properties & Real Estate | 7 | +10.0% | +11.1% | +19.3% | +4.0% |
Every choppy-market listing
95 deals · best D7 first
| Ticker | Sector | Listed | D1 | D3 | D5 | D7 | Raised |
|---|---|---|---|---|---|---|---|
| COIN | Financials | 2025-07-08 | +35.0% | +144.0% | +280.0% | +490.0% | Rp 220.6B |
| CDIA | Infrastructures | 2025-07-08 | +34.7% | +110.5% | +228.9% | +413.2% | Rp 2.4T |
| WBSA | Transportation & Logistic | 2026-04-09 | +34.5% | +109.5% | +227.4% | +408.9% | Rp 302.4B |
| DAAZ | Basic Materials | 2024-11-10 | +25.0% | +94.9% | +203.4% | +371.6% | Rp 264.0B |
| RATU | Energy | 2025-01-07 | +24.8% | +93.9% | +201.7% | +369.6% | Rp 624.5B |
| MERI | Consumer Cyclicals | 2025-07-09 | +34.4% | +126.6% | +253.1% | +276.6% | Rp 30.1B |
| CUAN | Energy | 2023-03-07 | +22.7% | +95.5% | +200.0% | +250.0% | Rp 371.8B |
| PRDL | Healthcare | 2026-07-09 | +35.0% | +126.7% | +253.3% | +221.7% | Rp 62.7B |
| BLOG | Transportation & Logistic | 2025-07-09 | +24.8% | +94.4% | +202.0% | +188.0% | Rp 140.8B |
| AWAN | Technology | 2023-04-17 | +35.0% | +144.0% | +212.0% | +172.0% | Rp 75.0B |
| PSAT | Transportation & Logistic | 2025-07-07 | +25.0% | +95.0% | +203.3% | +171.1% | Rp 200.1B |
| RAAM | Consumer Cyclicals | 2023-05-07 | +24.8% | +94.0% | +201.3% | +162.8% | Rp 217.4B |
| TRGU | Consumer Non-Cyclicals | 2022-07-07 | +24.8% | +93.3% | +123.8% | +154.8% | Rp 315.0B |
| CBDK | Properties & Real Estate | 2025-01-12 | +25.0% | +79.2% | +157.4% | +145.7% | Rp 2.3T |
| MINE | Basic Materials | 2025-03-09 | +25.0% | +94.4% | +125.9% | +136.1% | Rp 132.3B |
| NAIK | Industrials | 2024-11-12 | +34.6% | +143.0% | +146.7% | +113.1% | Rp 80.3B |
| BOAT | Energy | 2024-11-11 | +35.0% | +31.0% | +33.0% | +106.0% | Rp 100.0B |
| WINE | Consumer Cyclicals | 2023-01-09 | +34.9% | +126.4% | +134.1% | +104.7% | Rp 87.5B |
| FORE | Consumer Non-Cyclicals | 2025-04-13 | +34.0% | +108.5% | +96.8% | +95.7% | Rp 353.4B |
| JATI | Technology | 2023-05-07 | +35.0% | +130.0% | +114.0% | +94.0% | Rp 65.3B |
| RELF | Properties & Real Estate | 2023-06-21 | +10.0% | +31.1% | +56.7% | +88.9% | Rp 108.0B |
| OBAT | Healthcare | 2025-01-12 | +24.6% | +25.1% | +70.0% | +85.7% | Rp 59.5B |
| AXIO | Technology | 2022-07-19 | +35.0% | +60.0% | +54.3% | +67.1% | Rp 145.6B |
| GTRA | Transportation & Logistic | 2023-03-29 | +34.7% | +78.7% | +85.3% | +66.7% | Rp 56.8B |
| CHIP | Technology | 2023-02-07 | +10.0% | +32.5% | +43.8% | +62.5% | Rp 32.0B |
| TRON | Technology | 2023-03-07 | +31.1% | +58.9% | +50.0% | +60.0% | Rp 135.0B |
| CHEK | Healthcare | 2025-07-09 | +34.4% | +50.8% | +46.9% | +53.9% | Rp 104.3B |
| DEWI | Consumer Non-Cyclicals | 2022-07-17 | +35.0% | +70.0% | +48.0% | +52.0% | Rp 70.0B |
| HAJJ | Consumer Cyclicals | 2023-04-04 | +10.0% | +32.1% | +25.0% | +48.6% | Rp 96.2B |
| LAJU | Transportation & Logistic | 2023-01-26 | +35.0% | +30.0% | +41.0% | +44.0% | Rp 70.0B |
| CBRE | Energy | 2023-01-08 | +34.3% | +68.5% | +47.2% | +43.5% | Rp 79.7B |
| RANS | Consumer Cyclicals | 2026-07-10 | +34.1% | +28.2% | +49.4% | +40.0% | Rp 429.3B |
| PIPA | Industrials | 2023-04-09 | +34.3% | +83.8% | +60.0% | +40.0% | Rp 97.1B |
| FUTR | Consumer Cyclicals | 2023-02-26 | +0.0% | +63.0% | +42.0% | +40.0% | Rp 127.8B |
| PEVE | Healthcare | 2023-01-23 | +34.2% | +54.4% | +47.7% | +38.3% | Rp 52.6B |
| SMIL | Industrials | 2023-05-11 | +35.0% | +70.0% | +48.0% | +38.0% | Rp 175.0B |
| MMIX | Consumer Non-Cyclicals | 2022-12-05 | +34.7% | +17.9% | +27.4% | +34.7% | Rp 114.0B |
| HILL | Basic Materials | 2023-02-28 | +6.4% | +20.8% | +26.4% | +31.2% | Rp 552.9B |
| BDKR | Infrastructures | 2023-03-02 | +15.0% | +20.0% | +29.0% | +29.0% | Rp 141.2B |
| BEER | Consumer Non-Cyclicals | 2023-01-05 | +17.3% | +18.2% | +24.5% | +28.2% | Rp 176.0B |
| BACH | Industrials | 2026-07-08 | +24.4% | +13.1% | +24.4% | +27.8% | Rp 271.8B |
| ELIT | Technology | 2023-01-05 | -6.7% | +40.8% | +40.8% | +22.5% | Rp 60.0B |
| SAGE | Properties & Real Estate | 2023-03-07 | +35.0% | +61.0% | +40.0% | +22.0% | Rp 161.0B |
| HALO | Healthcare | 2023-02-07 | +17.0% | +31.0% | +19.0% | +22.0% | Rp 113.0B |
| DGWG | Basic Materials | 2025-01-12 | +24.3% | +32.2% | +26.1% | +21.7% | Rp 202.9B |
| VKTR | Consumer Cyclicals | 2023-06-18 | +11.0% | +12.0% | +15.0% | +18.0% | Rp 875.0B |
| ARKO | Infrastructures | 2022-07-07 | -6.7% | -0.7% | +4.7% | +15.3% | Rp 174.0B |
| JELI | Consumer Non-Cyclicals | 2026-07-07 | +25.0% | +95.0% | +41.7% | +15.0% | Rp 239.4B |
| MPXL | Transportation & Logistic | 2023-05-08 | +34.3% | +27.8% | +13.9% | +13.0% | Rp 43.2B |
| JECX | Healthcare | 2026-07-07 | +24.8% | +32.8% | +10.0% | +12.4% | Rp 610.0B |
| VTNY | Financials | 2022-12-14 | +10.0% | +5.0% | +11.7% | +11.1% | Rp 338.3B |
| NCKL | Basic Materials | 2023-04-11 | +4.4% | +10.0% | +15.6% | +9.2% | Rp 10.0T |
| NSSS | Consumer Non-Cyclicals | 2023-03-09 | +6.3% | +2.4% | +3.1% | +8.7% | Rp 453.2B |
| FWCT | Basic Materials | 2023-01-31 | +34.7% | +16.9% | +1.7% | +8.5% | Rp 44.3B |
| PTMP | Industrials | 2023-03-05 | +19.2% | +14.2% | +13.3% | +7.5% | Rp 96.0B |
| AMMN | Basic Materials | 2023-07-06 | +3.5% | +3.2% | +3.8% | +6.2% | Rp 10.7T |
| WIDI | Industrials | 2023-07-09 | +10.0% | +33.0% | +8.0% | +6.0% | Rp 40.0B |
| PADA | Industrials | 2022-12-07 | +10.0% | +1.0% | +10.0% | +6.0% | Rp 90.0B |
| MDIY | Consumer Non-Cyclicals | 2024-12-18 | +2.4% | +3.6% | +8.5% | +4.8% | Rp 4.2T |
| CBPE | Properties & Real Estate | 2023-01-05 | -0.7% | +1.3% | +19.3% | +4.0% | Rp 40.7B |
| MBMA | Basic Materials | 2023-04-17 | +11.3% | +3.1% | +1.3% | +1.3% | Rp 8.7T |
| MDLA | Healthcare | 2025-04-14 | -0.5% | +0.0% | +0.0% | +0.5% | Rp 658.0B |
| VAST | Properties & Real Estate | 2023-02-07 | -6.5% | +11.1% | +0.0% | +0.0% | Rp 70.2B |
| SUNI | Energy | 2023-01-08 | +0.0% | +6.7% | +0.7% | -0.7% | Rp 180.0B |
| TYRE | Consumer Cyclicals | 2023-05-07 | +34.8% | +16.7% | +2.2% | -0.7% | Rp 96.6B |
| PGEO | Infrastructures | 2023-02-23 | +0.0% | -8.6% | -0.6% | -1.7% | Rp 9.1T |
| EMMI | Healthcare | 2026-07-08 | +17.0% | +4.3% | -0.0% | -2.1% | Rp 245.7B |
| HGII | Infrastructures | 2025-01-08 | +6.0% | -2.5% | -2.5% | -3.0% | Rp 260.0B |
| YOII | Financials | 2025-01-07 | +35.0% | +5.0% | +9.0% | -5.0% | Rp 41.2B |
| UDNG | Consumer Non-Cyclicals | 2023-10-30 | +10.0% | -4.0% | -5.0% | -6.0% | Rp 50.0B |
| KING | Industrials | 2023-02-15 | -10.0% | -26.2% | -11.5% | -6.9% | Rp 67.6B |
| TGUK | Consumer Non-Cyclicals | 2023-07-09 | +34.5% | +22.7% | +26.4% | -7.3% | Rp 117.9B |
| IDEA | Consumer Cyclicals | 2021-09-08 | +10.0% | +9.3% | -10.7% | -7.9% | Rp 29.7B |
| DOOH | Consumer Cyclicals | 2023-05-07 | +5.0% | +0.0% | -1.0% | -9.0% | Rp 154.8B |
| IRSX | Technology | 2023-02-06 | +2.0% | -1.0% | -6.9% | -9.9% | Rp 101.0B |
| ISAP | Consumer Cyclicals | 2022-12-08 | -9.4% | -25.0% | -26.0% | -11.5% | Rp 144.0B |
| ASPR | Basic Materials | 2025-07-07 | +32.3% | -4.0% | -12.1% | -12.9% | Rp 100.7B |
| BATR | Basic Materials | 2024-06-09 | +9.1% | -11.8% | -19.1% | -15.5% | Rp 68.2B |
| NAYZ | Consumer Non-Cyclicals | 2023-02-05 | -10.0% | -27.0% | -28.0% | -19.0% | Rp 51.0B |
| CHEM | Basic Materials | 2022-07-07 | +3.3% | -10.0% | -16.7% | -19.3% | Rp 75.0B |
| CRSN | Industrials | 2023-07-09 | +14.4% | -3.2% | -9.6% | -20.8% | Rp 75.0B |
| GRPM | Transportation & Logistic | 2023-07-09 | -10.0% | -25.8% | -30.0% | -28.3% | Rp 37.1B |
| SWID | Properties & Real Estate | 2022-07-06 | +8.0% | -6.0% | -18.5% | -29.0% | Rp 68.0B |
| KSIX | Properties & Real Estate | 2025-01-07 | +25.0% | -27.9% | -31.0% | -29.2% | Rp 144.9B |
| PMUI | Consumer Cyclicals | 2025-07-09 | -15.0% | -17.8% | -27.8% | -31.1% | Rp 208.8B |
| MENN | Technology | 2023-04-17 | -9.0% | -25.6% | -30.8% | -35.9% | Rp 33.6B |
| YUPI | Consumer Non-Cyclicals | 2025-03-24 | +0.0% | +0.0% | -26.4% | -37.4% | Rp 2.0T |
| PACK | Industrials | 2023-02-07 | -9.9% | -23.5% | -37.0% | -40.7% | Rp 49.9B |
| DKHH | Healthcare | 2025-05-07 | +34.8% | -1.5% | -28.0% | -43.9% | Rp 70.0B |
| BMBL | Consumer Cyclicals | 2023-01-10 | -9.6% | -26.6% | -39.9% | -45.7% | Rp 52.6B |
| MAXI | Consumer Non-Cyclicals | 2023-06-11 | -15.0% | -37.0% | -42.0% | -46.0% | Rp 100.0B |
| SOUL | Consumer Non-Cyclicals | 2023-01-05 | -10.0% | -26.4% | -36.4% | -48.2% | Rp 29.7B |
| KLAS | Transportation & Logistic | 2023-06-11 | -22.2% | -43.5% | -47.4% | -49.0% | Rp 78.8B |
| KAQI | Consumer Cyclicals | 2025-03-09 | -10.2% | -36.4% | -46.6% | -54.2% | Rp 53.1B |
| BRRC | Consumer Non-Cyclicals | 2025-01-08 | +24.8% | +40.0% | -20.0% | -64.3% | Rp 61.2B |