AHRP Advises CDIA on Record-Breaking IPO

We are proud to have advised PT Chandra Daya Investasi Tbk (CDIA) on the record-breaking success of its Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX).

This landmark transaction marked a historic milestone in Indonesia’s capital markets, recording an extraordinary oversubscription of approximately 563 times with participation from over 400,000 investors, and raising a total of IDR 2.37 trillion in proceeds. CDIA’s IPO sets a new benchmark for public offerings on the IDX, reflecting the investors enthusiasm and confidence in the company’s strategic positioning.

AHRP Law Firm is proud to have served as legal counsel in this milestone transaction, led by Abdul Haris M. Rum and Aryangga Pradana Febrianto, and supported by Merina Elfian, Annisa Safira Anwar, and Wildan Hasbia. We are proud to have contributed our capital markets expertise and legal insight to this IDX breaking oversubscription record and remain committed to supporting the growth of Indonesia’s capital markets.