CDIA has deployed most of its $130M IPO haul, with the rest due by 2027
What's the deal? PT Chandra Daya InvestasiDealroom has a profile for this one. Try Dealroom → (CDIA) has spent US$121.2M of its US$154.4M (roughly $130 million) IPO proceeds as of June 2026, or 78.45% of the total. The Indonesian infrastructure firm expects to deploy the remaining US$33.3M by 2027.
Where the money went: Capital injections into subsidiaries PT Chandra Shipping InternasionalDealroom has a profile for this one. Try Dealroom → and PT Marina Indah MaritimDealroom has a profile for this one. Try Dealroom → are fully complete, at US$56.8M.
The leftover funds are tied to PT Chandra Samudera Port (CSP)Dealroom has a profile for this one. Try Dealroom →, which has received only 52.11% of its planned US$96.4M.
Why the delay? The CSP capital is being paid in stages, matched to the funding needs of a port project run by sub-subsidiary PT Chandra Cilegon PortDealroom has a profile for this one. Try Dealroom →. That project is still under construction.
"As of June 30, 2026, the project is still in the construction phase and is targeted for completion in 2027," said director Merly in a letter to the Indonesia Stock ExchangeDealroom has a profile for this one. Try Dealroom → (translated from Indonesian).
What's the endgame? Merly said the remaining proceeds will follow the original prospectus plan, funding an ethylene pipeline storage tank and supporting facilities built by CSP.
Until then, the roughly 21% still unspent sits in a current account at Bank DBS IndonesiaDealroom has a profile for this one. Try Dealroom →, earning 4.16% a year. The company said the flexible placement lets it draw down cash quickly as project needs arise.
The signal: CDIA, linked to Indonesian tycoon Prajogo Pangestu, is pacing its capital deployment to construction milestones rather than front-loading spend — a disciplined approach that keeps idle IPO funds working while its port and energy infrastructure projects mature toward their 2027 finish line.
Read more: idxchannel.com
Image credit: Generated with Gemini
