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CDIA: The Most Anticipated IPO in 2025, at IDR24tn Valuation

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Algo Research Team


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Key Summary:


  • Company to issue 10%, at offering price of IDR170-190/share
  • IDR2.1-2.4tn in IPO proceeds for logistics, port & storage businesses
  • Implied market capitalization of IDR21-24tn, at 43-48x PER

Chandra Daya Investasi (CDIA), a subsidiary of Chandra Asri Pacific (TPIA), has released a prospectus detailing its planned IPO on the Indonesian Stock Exchange.


The company intends to issue 12.5bn shares (10% of total) at an offering price of IDR170–190/share, implying IPO proceeds of approximately IDR 2.1–2.4 trillion, and a market capitalization of IDR 21–24 trillion.


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