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Initial Public Offering Of PT. Dian Swastika Sentosa Tbk And Its Impact On Coal Mining Productivity Hartana; Didik Suhariyanto
Jurnal Sipakatau: Inovasi Pengabdian Masyarakat Vol. 3 No. 1 (2025): Jurnal Sipakatau
Publisher : PT. Global Research Collaboration

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66314/sipakatau.v3i1.732

Abstract

This study examines the legal aspects of the Initial Public Offering (IPO) of PT Dian Swastatika Sentosa Tbk. and its relationship with coal mining productivity by analyzing compliance with capital market regulations and mineral and coal mining laws, as well as its implications for corporate operational performance. This research uses an empirical legal approach that combines normative analysis of Law No. 8 of 1995 concerning Capital Markets and Law No. 4 of 2009 concerning Mineral and Coal Mining (as amended by Law No. 3 of 2020), together with empirical data derived from company annual reports, IPO prospectus documents, and related institutional information obtained from relevant agencies and public disclosures. The findings indicate that PT Dian Swastatika Sentosa Tbk. conducted the IPO process in accordance with applicable capital market provisions, including preparation, submission of registration statements, public offering, and listing on the Indonesia Stock Exchange, as regulated under Article 70 paragraph (1) of the Capital Market Law. From a legal perspective, the IPO does not conflict with Article 93 of the Mineral and Coal Mining Law, as it does not directly alter the ownership structure of entities holding Mining Business Permits (IUP). The study also identifies that regulatory supervision during the IPO period was conducted under the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), while acknowledging that current capital market supervision is under the Financial Services Authority (OJK). The study indicates a potential relationship between a successful IPO and improvements in coal mining operational capacity, particularly through enhanced capital structure, increased investment capability, and accelerated development of mining concession areas. However, this relationship should be interpreted cautiously as it is based on descriptive empirical evidence rather than statistical measurement.
Co-Authors Astri Asmarandani Adjani Ayu Dewi Rachmawati Ayu Tresna Waty Depy Wyldan Syafari Desak Ketut Alit Apryani Dewa Ayu Mita Anjani Dewa Gede Sudika Mangku Dewi Iryani Didiet Rosdianto Didik Suhariyanto Didik Suhariyanto Dita Yulianti Ellizabeth Elly Kristiani Purwendah Endah Rantau Itasari, Endah G. Nyoman Tio Rae G.nyoman Tio Rae Gede Bagus Prema Cahya Sani Putra Gusti Agus Made Dwi Juliananta Gusti Kadek Ardi Wira Utama I G A.A Mas Candraswati I Gede Yoga Esa Mahendra I Kadek Pradhita Ciwa Radhitya I Komang Andi Antara Putra I Komang Angga Adi Setiawan I Komang Surya Wibawa I Made Gede Wisnu Murti Ida Ayu Dita Safitri Cahyani Irene Olivia Siregar Ismail Ismail Ismail Kadek Ayu Tiara Vina Viranica Kadek Dhyan Wahyuni Kadek Diah Karuni Kadek Karini Kadek Kresna Dwipayana Kadek Novi Darmayanti Kadek Prya Pradnyandari Kadek Yopi Sri Wahyuni Ketut Budi Kurniawan Ketut Meri Kertiasih Komang Angga Adi Setiawan Komang Ari Yuni Lestari Komang Dea Febriantini Komang Dian Judita Komang Martha Seniasi Komang Tri Saniartini Made Ananda Dwiprasetya Made Chintya Sastri Udiani Made Dwi Wahyuni Made Jody Januarta Made Krishna Dwipayana Aryawan Maradona Sinuraya Marta Cristina Muhammad Reza Saputra Nabil Najmi Ismail Ni Kadek Astrina Desiana Ni Kadek Marhaeni Ni Ketut Suriati Ni Komang Ayu Purnia Dewi Ni Luh Putu Marta Puspita Yanti Ni Luh Wayan Yasmiati Ni Putu Evi Nirmala Sari Ni Putu Rai Yuliartini Nyoman Berdy Mas Sanjaya Nyoman Hapsari Pradnya Dewi Nyoman Tio Rae Puguh Aji Hari Setiawan Putri Sita Rohmadani Putu Agus Rio Krisnawan Putu Artadi Putu Darmika Putu Gita Sunia Sari Putu Nanda Putra Utama Wirnatha Wibawa Rezha Fitriansyah Ryan Adhi Pradana Sabrina Witri Afifah Safira Shizuoka Suardana Shifa Karima Tegar Bagus Satria Viola Meiryan Azza Yusuf Hofni Junior Kilikily