RANS Entertainmen closes IPO, targeting Rp429B
What's the deal? PT RANS Entertainmen Indonesia TbkDealroom has a profile for this one. Try Dealroom → (RANS), the digital media company owned by Indonesian entertainer Raffi AhmadDealroom has a profile for this one. Try Dealroom →, completed its initial public offering on July 8, 2026, aiming to raise up to Rp429.25 billion (about $24.1 million). It offered 2.525 billion new shares at Rp170 each, equal to 20.02% of enlarged capital.
Why now? Demand was strong, with more than 1,058,664 investor identification accounts queued to order shares by the evening of July 7. The shares were distributed on July 9 and began trading on the Indonesia Stock Exchange on July 10, 2026.
What's the endgame? RANS runs an integrated business spanning digital media, intellectual property, talent management, events, and FMCG, F&B, and cosmetics. It plans to allocate IPO proceeds to concert tours, a 51% stake in PT Rans Kosmetika IndonesiaDealroom has a profile for this one. Try Dealroom →, the Cipungland attraction, and an AI venture with FeedloopDealroom has a profile for this one. Try Dealroom →, while also repaying a BNIDealroom has a profile for this one. Try Dealroom → loan and adding capital to PT Rans Nikmat Sejahtera.
By the numbers. RANS's 2025 revenue fell 13.9% to Rp353.4 billion and net profit dropped 38.8% to Rp61 billion. Analysts also flagged reliance on the popularity of Raffi Ahmad and Nagita Slavina, competition in digital media, and shifting platform algorithms.
Read more: Media Kompeten
Image credit: Generated with Gemini
