#Corporate
Chandra Daya's IPO oversubscribed 400 times, draws over Rp30T in investor funds
The initial public offering (IPO) of PT Chandra Daya Investasi (CDIA) has drawn overwhelming investor interest, with subscriptions oversubscribed more than 400 times, securing over Rp30 trillion (US$1.8 billion) in incoming funds − far exceeding the company's initial target of Rp2.37 trillion.
Shipping firm PSAT to launch IPO on July 8 amid strong investor demand
PT Pancaran Samudera Transport (PSAT), a coal shipping and marine logistics company, is set to debut on the Indonesia Stock Exchange (IDX) on July 8, 2025, through an Initial Public Offering (IPO) of 222.35 million new shares, equivalent to 15 percent of the company’s enlarged issued and paid-up capital post-IPO.
Danantara dismisses Agrinas executive despite management freeze order
The Daya Anagata Nusantara Investment Authority (Danantara) has dismissed Edi Slamet Irianto from his position as Director of Business & Industrial Development at PT Agrinas Palma Nusantara, just five months after his appointment in February 2025.
BRI Danareksa to facilitate IPOs for three companies in Q4 2025
BRI Danareksa Sekuritas (BRIDS) has announced plans to take three companies public through initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) later this year.
Medco Energi secures US$500 Million loan for capital structure, business expansion
Indonesian energy giant PT Medco Energi Internasional (MEDC) has secured a US$500 million (Rp8.4 trillion) loan facility − through two of its subsidiaries, Medco E&P Grissik Ltd (MEPG) and Far East Energy Trading Pte. Ltd (FEET).
Merdeka Copper narrows losses in Q1 2025, Pani Gold project on track for 2026 launch
Indonesian mining firm PT Merdeka Copper Gold (MDKA), affiliated with prominent businessman Garibaldi “Boy” Thohir, reported a net loss of US$3.73 million (Rp60.52 billion) in the first quarter of 2025, a 75.5 percent improvement compared to the same period last year when losses reached US$15.22 million.
Indokripto Koin Semesta secures OJK approval for IPO at Rp100 per share
PT Indokripto Koin Semesta (ticker: COIN) has secured approval from Indonesia’s Financial Services Authority (OJK) to launch its initial public offering (IPO), marking a milestone as the first crypto exchange company to go public on the Indonesian stock market.
Indika Energy secures Rp6.1 T loan to repay debt, fund Awak Mas gold project
PT Indika Energy (INDY) has secured a multicurrency loan of Rp6.1 trillion (US$376 million) from four major domestic banks, aimed at both refinancing existing debt and developing the Awak Mas gold mining project in South Sulawesi.
Russia’s Zarubezhneft stays committed to Indonesia’s Tuna Block, seeks new partner
Russian oil and gas company Zarubezhneft has confirmed its continued participation in the Tuna Block project located offshore north of Natuna Island, Riau Islands province, dispelling previous rumors suggesting the company's withdrawal due to geopolitical pressures.
Tech firm RUNS prepares eCampuz subsidiary for upcoming IPO
PT Global Sukses Solusi (RUNS), an Indonesian enterprise technology company, is preparing to take one of its subsidiaries, PT Solusi Kampus Indonesia − commonly known as eCampuz − for an initial public offering (IPO) on the Indonesia Stock Exchange.
Diastika Biotekindo to launch IPO next month, targets Rp114 B in fresh funds
PT Diastika Biotekindo (CHEK), a seasoned player in Indonesia’s medical equipment distribution industry, is set to debut on the Indonesia Stock Exchange (IDX) on July 10, 2025.
Danantara eyes S. Korea collaboration to boost Indonesia’s global media presence
Indonesia’s state investment management body BPI Danantara has expressed interest in forming a strategic partnership with South Korea in media and entertainment industry, aiming to learn from the country's global cultural success and boost international visibility of Indonesian culture.