Shares of PT Super Bank Indonesia Tbk (SUPA) immediately fell to the daily lower limit, or auto rejection bawah (ARB), during morning trading. As of 9:10 a.m. WIB, the Emtek Group–backed bank’s stock had dropped 14.63% to Rp1,050 per share.
Trading activity was heavy, with volume reaching 276 million shares, transaction frequency totaling 101,300 trades, and a transaction value of approximately Rp316.8 billion.

The digital bank only made its official debut on the Indonesia Stock Exchange (IDX) on Wednesday (Dec. 17, 2025), meaning it has been listed for just four days. On its first trading day, SUPA shares surged 24.4% and hit the upper auto rejection limit (ARA) at Rp790, supported by buy orders of up to 12.49 million lots.

In its initial public offering (IPO), SUPA set an offering price of Rp635 per share and issued 4.4 billion new shares. This represented around 13% of the company’s fully paid-up capital after the IPO, allowing the bank to raise approximately Rp2.79 trillion in fresh funds.

At the opening of today’s session, SUPA shares were quoted at Rp790 per share, reflecting a 24.41% gain at the start of trading.

Superbank President Director Tigor Siahaan said the company’s listing on the IDX marks a new chapter in the journey of the Emtek Group–affiliated bank. He emphasized that strong shareholder backing and a solid digital ecosystem position Superbank to expand credit access, accelerate product innovation, and deliver secure and relevant financial services to millions of Indonesians. The capital raised from the IPO, he added, will strengthen the bank’s long-term growth foundation.

All IPO proceeds, net of issuance costs, will be allocated to business development. Approximately 70% will be used as working capital to boost lending to underbanked segments, including retail customers and MSMEs, which are Superbank’s primary growth focus. The remaining 30% will be directed toward capital expenditures, covering the development of funding and financing products, digital payment systems, IT infrastructure, operational system enhancements, and long-term investments in artificial intelligence, data analytics, and cybersecurity.