SBY, AHY, and Several Ministers Express Full Support for MERI (Merry Riana Education) IPO

PT Merry Riana Edukasi Tbk (MERI) to List on the Indonesia Stock Exchange: A Milestone in Educational Transformation Jakarta – PT Merry Riana Edukasi Tbk, listed under the stock code MERI on the Development Board, is set to go public on the Indonesia Stock Exchange (IDX). This listing marks a significant milestone in the transformation journey of Merry Riana Education (MRE) into a publicly listed company that upholds transparency and strong corporate governance.

“Human capital is one of the most vital assets for this country. I hope MRE's bold step in going public proceeds smoothly and successfully,” said Agus Harimurti Yudhoyono, Coordinating Minister for Infrastructure and Regional Development, during Merry Riana’s 45th birthday celebration, which also marked MRE’s upcoming IPO. The MERI IPO has garnered strong support from prominent national figures, including 6th President of Indonesia Susilo Bambang Yudhoyono (SBY) and several ministers and deputy ministers from the current cabinet. “This is a great example. Merry Riana never stops thinking about how to strengthen the resilience and initiative of the Indonesian people we all love,” said SBY.

A Strategic Move Beyond Business Expansion

This strategic initiative is more than just a business expansion—it's a long-term commitment by Merry Riana and Hermanto Tanoko, who joins as MRE’s Strategic Investor through Tancorp. “Following the IPO, Tancorp will continue to actively support the expansion and growth of MERI. We are offering our full support,” said Hermanto Tanoko, Founder of Tancorp.

As Founder and Executive Chairwoman of MRE, Merry Riana has taken an extraordinary step by locking up her entire shareholding for a full five years. This commitment serves as a moral assurance to investors that the founder remains fully committed—not heading for the exit. “I’m not just running a business. I’m building a future. I believe MERI’s value is not only in what it is today—but in what it will become over the next five years. That’s why I’ve chosen to stay—with you,” said Merry Riana.

IPO Details and Fund Allocation

MERI is offering 235,132,500 shares—representing 22.72% of its post-IPO issued and paid-up capital—at a price of Rp128 per share, targeting total proceeds of Rp30,096,960,000. The proceeds will be allocated as follows:

● 65% to expand the Merry Riana Learning Centre network through partnership and lease models

● 35% to strengthen Merry Riana Events, including Life Camp, Leadership Camp, and Billionaire Camp

This includes investment in human resources, training, marketing, and the enhancement of digital infrastructure.

MRE has appointed PT Lotus Andalan Sekuritas as the Lead Underwriter for this IPO.

Market Confidence and Investor Interest

Given the successful track record of PT Lotus Andalan Sekuritas in managing IPOs with strong post-listing performance, investor sentiment toward MERI is highly optimistic. “IPO shares handled by PT Lotus Andalan Sekuritas under Mr. Hermanto typically rise by around 100%. This is supported by actual data,” said Andry Hakim, Founder and Chief Investment Officer of Stockwise.

Public Offering Period Now Open

The public offering period for MERI shares is now officially open and will run until July 8, 2025. Retail investors can view the schedule and place orders by visiting www.e-ipo.co.id. This is a rare opportunity for the public to participate early—without needing to be a priority banking customer or institutional investor.

Want to Be Part of Indonesia’s Educational Transformation? Visit www.e-ipo.co.id, search for stock code MERI, and join the movement to Advance Education for the People of Indonesia. For more information, don’t miss the MERI IPO Public Expose, available here: