Indomobil Multi Jasa, the a car rental and auto financing subsidiary of Indonesia’s second largest vehicle distributor Indomobil Sukses Internasional, announced plans to raise up to IDR838bn (US$72m) in an initial public offering later this month.

The company plans to issue up to 1.29bn new shares, equivalent to 25% of the company’s current share equity, for sale at an expected price of between IDR 500-650 each. The amount of shares on offer will depend on investor demand.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The proceeds will be used to expand the consumer finance business and vehicle rental fleet by up to 30%, according to the company.

CIMB Securities Indonesia, Deutsche Securities Indonesia, Kresna Graha Sekurindo and Buana Capital will underwrite the issue. Investors will be offered the new shares between 27-29 November, for listing on the Indonesia Stock Exchange on 5 December.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact