When is the IPO of CDIA 2025, a subsidiary of Prajogo Pangestu, and what will be the stock price when it officially lists on the Indonesia Stock Exchange?

NEWS OF DIY - When will the IPO of CDIA 2025, a subsidiary of Prajogo Pangestu, take place in 2025 and what will be the stock price when it officially lists on the BEI? This can be found here.

PT Chandra Daya Investasi (CDIA), a subsidiary of Prajogo Pangestu's conglomerate through PT Chandra Asri Pacific Tbk (TPIA), is currently under the spotlight in the capital market.

The company, which operates in the infrastructure and utilities sector, is now in the final stages of its initial public offering (IPO) process and is planned to be listed on the Indonesia Stock Exchange in mid-June 2025.

However, as of the time this news was written, the IPO of CDIA has not been officially launched. Nevertheless, the process of submitting documents to the Financial Services Authority (OJK) has been carried out, and it is currently under review.

The CDIA stock registration has also appeared on the e-IPO platform, indicating that the IPO launch is just a matter of time.

CDIA What Company?

PT Chandra Daya Investasi (CDIA) is a strategic entity owned by PT Chandra Asri Pacific Tbk (TPIA), with a shareholding percentage reaching 70 percent.

CDIA was established to manage investments in infrastructure sectors that support industrial activities, particularly electricity, water management, and ports.

This company plays a crucial role as a logistics and energy supporter in the Chandra Asri Group's business chain.

To run its operations, CDIA relies on PT Krakatau Chandra Energi (KCE), which was acquired in 2023 from PT Krakatau Sarana Infrastruktur—a subsidiary of state-owned enterprise PT Krakatau Steel Tbk (KRAS).

This step not only adds to the business capacity but also provides new synergy by strengthening the supporting line of petrochemical industry needs managed by its parent company, TPIA. Furthermore, CDIA's business expansion also extends to the maritime logistics sector.

In October 2024, a subsidiary of CDIA named PT Chandra Shipping International (CSI) signed a Memorandum of Understanding (MoU) with PT Pertamina International Shipping (PIS).

This collaboration aims to explore the potential for cooperation in sea transportation, specifically for the distribution of chemical products and bitumen. Synergy is expected to drive the growth of the national logistics sector, while also expanding CDIA's international reach in the shipping industry.

What is the price of CDIA stock at IPO?

Although the exact date of the initial public offering (IPO) has not been officially announced, several pieces of information from the initial prospectus provide an indication of the stock price of CDIA when it goes public.

The price range offered is estimated to be between IDR170 to IDR190 per share. In this IPO, CDIA plans to offer up to 12.48 billion shares to the public.

Assuming those prices, the targeted funds from this corporate action would range from IDR 2.12 trillion to IDR 2.37 trillion.

In fact, if calculated based on the total company valuation, the potential figure could reach US$1 billion or around Rp16 trillion, with an exchange rate of Rp16,000 per US dollar.

Attraction of CDIA

The CDIA is considered to have several strategic advantages that make it attractive to potential investors. Some supporting factors include:

1. Support from Major Groups

CDIA is under the umbrella of PT Chandra Asri Pacific Tbk (TPIA), which is part of the Barito Pacific business empire owned by tycoon Prajogo Pangestu.

This connection serves as a strong guarantee for professional corporate governance and relatively high business stability. The presence of a large group as the parent company also creates market confidence.

2. Beroperasi di Sektor Vital

Bidang usaha CDIA berfokus pada infrastruktur dasar seperti listrik, pelabuhan, dan pengangkutan bahan kimia—sektor yang tidak hanya penting untuk pertumbuhan industri, tetapi juga cenderung tahan terhadap gejolak ekonomi.

This sector provides essential logistics and energy needs, making CDIA have a strategic role in the national industrial ecosystem.

3. Stable Internal Market

Most of CDIA's projects and services are directed to meet the internal needs of TPIA, particularly in the transportation of chemicals and storage of energy such as naphtha and gas.

This creates a guaranteed internal market (captive market), which at the same time becomes the foundation for stable and sustainable revenue.

4. Rencana Ekspansi Agresif

CDIA does not limit itself to existing businesses. The company also targets expansion, including the acquisition of new transport vessels as well as the development of port facilities and storage tanks.

This demonstrates a long-term growth orientation that becomes a positive signal for investors.

5. Efek Sentimen dari Kinerja Induk

Although TPIA experienced losses in the first quarter of 2025, the decline was significantly sharper compared to the losses in the previous year.

If TPIA's performance improves in the future, that positive sentiment could also help boost CDIA's stock performance in the market.

6. Influential Market Conditions

Market sentiment during the launch will also affect the success of this IPO. If the market is in a bullish trend (strengthening) during the IPO, CDIA shares have the potential to rise immediately.

However, if the market is sluggish, investors need to be more cautious about the possibility of price fluctuations.

What Should Be Considered Before Buying Stocks?

For potential investors interested in investing in CDIA stocks, several important points to consider are as follows:

1. Study the Final Prospectus

This document contains all the important information about the company, including financial reports, business strategies, risk management, and plans for using the proceeds from the IPO.

2. Fundamental Analysis and Technical Analysis

Fundamental analysis includes assessing the financial condition and business prospects. While technical analysis is used to read stock price movement trends based on charts and volume.

3. Understand IPO Risks

Newly listed stocks typically show fluctuating price movements. The price can rise significantly, but it is also possible for it to plummet below the asking price.

4. Portfolio Diversification

Do not place all investment funds only on one stock. Diversification remains the main principle in managing investment risk.

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