By Romel S. Gurky
PT Chandra Daya Investasi Tbk (CDI Group), a subsidiary of PT Chandra Asri Pacific Tbk and Thailand’s EGCO Group, has officially listed its shares on the Indonesia Stock Exchange (IDX) under the ticker CDIA. The company raised Rp 2.37 trillion (approximately US$145 million) through its initial public offering (IPO), marking a strong debut in the Indonesian capital market.
Chandra Asri said in a statement on Wednesday that the IPO, which involved the issuance of 12.48 billion new shares at Rp 190 per share, attracted overwhelming investor interest. The public offering was oversubscribed by 563.64 times, reflecting strong confidence in CDI Group’s integrated infrastructure platform and long-term growth strategy. The offering period ran from July 2 to 7, 2025, following a bookbuilding process from June 19 to 24.
The proceeds will be used to expand CDI Group’s logistics, port, and storage capabilities. Approximately Rp 1.5 trillion will be allocated to the construction of storage tanks, ethylene pipelines, and related infrastructure in industrial zones. Another Rp 871.76 billion will support logistics operations, including vessel procurement and operational funding.
Read also : CDI strengthens fleet with addition of ethylene gas vessels
“With our listing on the IDX, CDI Group is better positioned to support the growing needs of Indonesia’s and Southeast Asia’s industrial sectors,” the company stated. “Our goal is to become a leading integrated infrastructure solutions provider in the region.”
CDI Group operates a portfolio of critical infrastructure assets, including a 320 MW power plant, water treatment facilities with a combined capacity of 4,045 liters per second, five jetties, storage tanks totaling 648,000 cubic meters in capacity, and a fleet of eight vessels ranging from 5,000 to 8,600 deadweight tons (DWT).
In 2024, the company reported revenue of US$102.25 million, with electricity sales contributing US$80.44 million, followed by fuel sales (US$11.42 million), vessel chartering (US$5.62 million), and tank and jetty leasing (US$4.77 million).
CDI Group’s listing supports its long-term ambition to play a strategic role in Southeast Asia’s infrastructure development, while also contributing to Indonesia’s national industrial growth and economic resilience.
Editing by Reiner Simanjuntak
