CDI Group is a joint venture between PT Chandra Asri Pacific Tbk (Chandra Asri Group), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, and EGCO Group, established to invest in utility and infrastructure businesses. CDI Group today marked a significant milestone in its journey by officially becoming a listed company on the Development Board of the Indonesia Stock Exchange (IDX) under the stock code "CDIA". Through this Initial Public Offering (IPO), the Company has successfully raised IDR 2.37 trillion by issuing 12,482,937,500 new shares at an offering price of IDR 190 per share. Upon completion of the IPO, CDI Group's shareholding structure will comprise 60% held by Chandra Asri Group, 30% by EGCO, and 10% by public shareholders.
Investor confidence in CDI Group is reflected in the oversubscription of up to 563.64 times with total participation from 400,126 investors throughout the offering period. This strong enthusiasm was evident throughout the entire process, from the bookbuilding period held on 19-24 June 2025, to the public offering period on 2-7 July 2025.
Dr. Jiraporn Sirikum, President of EGCO Group, said, "Today's initial listing marks a pivotal moment for CDI Group. Southeast Asia, including Indonesia, is currently undergoing a dynamic phase of industrial growth that requires reliable and efficient infrastructure. The increasing demand for logistics services, port and storage facilities, energy networks, and water management presents significant opportunities for the Company's development. CDI Group sees this as a strategic opportunity to continue expanding its services and strengthening its position as a provider of relevant and integrated infrastructure solutions."
"Investing in CDI Group boosts EGCO Group's long-term profitability through stable cash flows from its strong presence in the power and utility sectors in one of Indonesia's large industrial hubs, aligning with the "Triple P" strategy focused on power and energy-related investments. This includes growth opportunities through greenfield projects and mergers & acquisitions, complementing the Company's strategy to diversify and strengthen its energy portfolio, ensuring sustainable shareholder returns. Additionally, the investment reinforces the strategic collaboration between EGCO Group and Chandra Asri Group, underscoring EGCO Group's confidence in CDI Group's long-term growth potential and its continued commitment to expanding high-quality and environmental-responsibility infrastructure platforms across Southeast Asia", concluded Dr. Jiraporn.
CDI Group is an infrastructure solutions company covering four core pillars including electricity generating and sales business, utility and water business, port, tanks and jetty management business, and logistics business through vessel shipment. The funds raised from this IPO will be utilized to strengthen CDI Group's core capabilities, particularly in the logistics, port, and storage sectors. This investment includes the construction of storage tank facilities, ethylene pipeline networks, and other supporting infrastructure within strategic industrial zones.
