Our methodology

A structured path from readiness to listing.

Every company that reaches the public market successfully has done the same thing: it prepared. Our advisory process is designed to make that preparation rigorous, transparent, and manageable.

The six phases

How we work with you

Phase 01
Understand

We begin by listening and analysing. Before any recommendation is made, we need a clear picture of your company: its business model, ownership structure, financial history, governance practices, and strategic direction.

This phase includes a structured discovery process, document review, and stakeholder interviews. The output is a candid assessment of where the company stands.

Phase 02
Assess

We map your current state against the requirements of the public market. This is not a checklist exercise. It is a gap analysis across five readiness dimensions: financial, structural, governance, operational, and narrative.

We are direct about what we find. If the company is not ready, we say so. If it requires more time, we explain why and what must be done.

Phase 03
Prepare

Preparation is where the majority of our work takes place. This phase addresses the gaps identified in the assessment: financial reporting normalisation, governance structure, ownership and holding company architecture, corporate legal compliance, and operational documentation.

We coordinate with your legal, tax, and financial advisors during this phase to ensure alignment across all workstreams.

Phase 04
Position

Once the company is structurally ready, we develop the investor-facing elements: the equity story, the valuation rationale, the capital use plan, and the investor narrative that will support bookbuilding.

Valuation is derived from your capital requirement. We work backward from what the company needs to raise, to an implied valuation, to an offering structure that is defensible in the market.

Phase 05
Coordinate

We assemble and manage the lembaga pendukung ecosystem: the underwriter, legal counsel, public accountant, appraiser, notary, and BAE. We ensure the process runs on schedule, that each party fulfils its scope, and that the company is never caught unprepared.

Phase 06
Complete

From OJK submission through IDX listing. We attend to the regulatory process, manage feedback cycles, and prepare the company and its management team for the public offering, bookbuilding, and listing day.

Timeline

When to begin

The formal IPO process with OJK and IDX typically takes six to twelve months. But the preparation before that process, the period that determines whether it succeeds, takes longer.

We recommend beginning the advisory engagement twelve to twenty-four months before the intended listing date. Companies that start earlier have more time to address gaps properly, optimise their structure, and build a credible investor narrative without pressure.

If you are uncertain where your company stands today, a readiness discussion is the right starting point.

Understand what readiness requires.

Before committing to a timeline, understand what the five dimensions of IPO readiness mean for your company specifically.

IPO Readiness