PT Chandra Daya Investasi Tbk (CDIA), a subsidiary of PT Chandra Asri Pacific Tbk and part of Prajogo Pangestu’s business empire, officially joined the Indonesia Stock Exchange (IDX) on July 9, 2025. The PT Chandra Daya Investasi IPO launched at USD 0.0126, releasing 12.48 billion shares and raising approximately USD 158 million.
This public offering is one of the biggest in Indonesia this year. It highlights strong investor interest in companies involved in infrastructure and logistics, and marks a major step in the group’s business growth strategy.
CDIA is active in several essential sectors: energy, logistics, shipping, storage, and port infrastructure. The funds raised will help the company expand its services and support Indonesia’s growing demand for better supply chain systems and transportation networks.
Agus Salim Pangestu, son of Prajogo Pangestu and President Director of PT Barito Pacific Tbk, praised the listing. “The prospects are very good. It supports President Prabowo’s target of 8% growth. For Chandra Asri, infrastructure is key to growth. Hopefully, it will benefit the country and the President’s programs,” he said, as reported by Kontan.
Where the IPO Funds Are Going
CDIA plans to use the USD 158 million raised from the IPO to strengthen its logistics and port operations.
About USD 58 million will be used to fund subsidiaries in the logistics sector, including PT Chandra Shipping International and PT Marina Indah Maritim. These funds will go toward buying new ships and covering operational costs.
An additional USD 99 million will support the development of port and storage facilities. This includes building storage tanks, laying Ethylene pipelines, and expanding infrastructure in key industrial areas.
Fransiskus Ruly Aryawan, President Director of CDIA, said the company is ready to meet the region’s growing infrastructure needs.
“Southeast Asia, including Indonesia, is entering a new phase of industrial growth. There’s a rising demand for logistics, ports, storage, energy networks, and water systems,” he said during the listing ceremony, as quoted by CNBC Indonesia.
He continued, “We aim to be a key infrastructure partner—delivering smart, reliable services for industries of the future and creating real value for stakeholders and society.”
CDIA is not Prajogo Pangestu’s first company to go public. Earlier, Barito Pacific and Chandra Asri Petrochemical had successful listings on the IDX. This latest IPO is part of a broader effort to bring more transparency and modern financial management to his business group.
CDIA’s strong debut was met with excitement. On the first day of trading, its share price jumped 34.7% to USD 0.017, hitting the stock exchange’s automatic upper limit.
Investors and analysts will be watching CDIA closely in the coming months. Many are eager to see how quickly the company can roll out its planned infrastructure projects. Long-term success will depend on how well CDIA manages growth, financial performance, and market expectations.
This IPO also aligns with the Indonesian government’s push to develop the capital market as a key source of funding for national development. By going public, CDIA not only gains capital but also builds trust with investors and helps strengthen Indonesia’s investment ecosystem.
With solid backing and a clear roadmap, CDIA is ready to play a major role in improving the country’s logistics and infrastructure landscape.
Source: Teropong Bisnis, Kontan, CNBC Indonesia
Special Photo Credit: Chandra Asri Group
