PT Chandra Daya Investasi Tbk (CDIA), owned by conglomerate Prajogo Pangestu, officially made its debut on the Indonesia Stock Exchange (IDX) today, Wednesday, July 9, 2025. During its Initial Public Offering (IPO), CDIA's stock immediately hit the upper Auto Reject (ARA) limit.

At the opening of trading, the infrastructure support company—affiliated with TPIA—set an initial stock price of Rp 256 per share, marking a 34.7% increase in the first trading session.

The company issued 12,482,937,500 new shares at an offering price of Rp 190 per share. As a result, the IPO successfully raised Rp 2.37 trillion in fresh capital.

Fransiskus Ruly Aryawan, President Director of PT Chandra Daya Investasi Tbk, stated that Southeast Asia, including Indonesia, is currently in a dynamic phase of industrial growth, which demands reliable and efficient infrastructure support.

“The demand for services such as logistics, port and storage facilities, energy networks, and water management presents tremendous opportunities for the company's growth. CDI Group sees this as a strategic moment to expand our service offerings and solidify our role as an integrated and relevant infrastructure solutions provider,” Ruly said during the listing ceremony at the Main Hall of the IDX, Jakarta.

The funds raised from the IPO will be directed toward strengthening the group’s subsidiaries, accelerating key strategic projects, and delivering infrastructure services that support broader industrial growth.

“We are fully committed to being a growth partner, offering infrastructure solutions that are aligned with future industrial needs and creating tangible value for stakeholders and the wider community,” Ruly added.

For context, CDI Group holds a diversified business portfolio across the energy, water, port, storage, and logistics sectors. The IPO proceeds will be specifically used to reinforce the company’s core capabilities, especially in the areas of logistics, ports, and storage infrastructure.

Approximately Rp 871.76 billion will be allocated to logistics expansion, by injecting capital into subsidiaries, which will then be used for vessel acquisition and operational funding.

Meanwhile, around Rp 1.48 trillion will be invested in port and storage infrastructure, covering the construction of storage tank facilities, Ethylene pipeline networks, and other supporting infrastructure located in strategic industrial zones.