Indonesian IPO Market Gears Up for Lighthouse Companies

Indonesia’s stock market is anticipating a surge of initial public offerings (IPOs) from “Lighthouse Companies” this year, promising substantial capital injections. This marks a pivotal moment, potentially reshaping the financial landscape with significant investment opportunities.

IPO Plans Unveiled

The Indonesian Stock Exchange (IDX) is anticipating three companies to go public in the “Lighthouse” category, with substantial market capitalization. According to IDX Assessment Director I Gede Nyoman Yetna, these companies are expected to list this year. One of these firms is Prajogo Pangestu’s PT Chandra Daya Investment Tbk (CDIA).

Nyoman stated on Monday, June 23, 2025, that three prospective companies, including CDIA, are poised to record shares within the Lighthouse IPO classification. They plan to list in 2025.

The IDX is aiming for five Lighthouse IPOs in 2025. Three companies have already registered, including PT Raharja Energi Cepu Tbk (Ratu), PT Bangun Kosambi Sukses Tbk (CBDK), and PT Yupi Indo Jelly Gum Tbk (Yupi). Nyoman added that three companies have been recorded toward this target.

Chandra Daya Investment is linked to PT Chandra Asri Pacific Tbk (TPIA). CDIA plans to release 12.48 billion shares, approximately 10% of the company’s issued and fully paid capital after the IPO. The stock price range is set between Rp. 170 and Rp. 190 per share.

This IPO could generate approximately Rp 2.37 trillion for CDIA. The company has appointed several securities firms as emission and insurance guarantors.

BRI Danareksa Sekuritas’ IPO Initiatives

BRI Danareksa Sekuritas (Brids) intends to introduce about three companies to the Indonesia Stock Exchange (IDX) during the second half of 2025. These firms are expected to raise around Rp 1 trillion from their IPOs. The companies involved operate in the consumer, trading, and manufacturing sectors, according to Director Laksono Widodo.

Laksono mentioned that the three companies are currently in the IPO queue. He also noted that no companies have withdrawn from the IPO schedule. Laksono believes that these firms will be attractive to investors.

“We plan in the second semester, so we don’t know yet. It is still too early to be able to walk and not,” he added.

Looking Ahead

The anticipated IPOs signal growing confidence in Indonesia’s capital markets. Recent data indicates a 15% rise in IPOs across Southeast Asia last year (Statista 2024), reflecting a regional trend of expansion.

The new IPOs are expected to bring new investment opportunities, helping to energize Indonesia’s economy.