PT Pelayaran Jaya Hidup Baru Tbk. (PJHB), a prominent player in the shipping industry, officially commenced trading on the Indonesia Stock Exchange (IDX) today, Thursday, November 6, 2025. Following its highly anticipated initial public offering (IPO), PJHB expressed strong optimism for an upward trajectory in its financial performance, fueled by its ambitious expansion plans.
The newly listed shipping company made its debut on the stock exchange after successfully conducting its IPO, offering a maximum of 480 million shares to the public. This significant step into the public market garnered considerable attention, with its share price experiencing an impressive leap of 24.85% on its listing day. Hero Gozali, the President Commissioner of Pelayaran Jaya Hidup Baru, emphasized the company’s long-standing commitment during a statement at the IDX building. “This IPO is a testament to our enduring commitment to transparency, accountability, and sustainability, principles we have upheld since our establishment in 2008,” Gozali stated on Thursday, November 6, 2025.
The IPO shares were offered to the public at Rp330 each, accumulating a total initial public offering value of Rp158.4 billion. The offering, which took place from October 30, 2025, to November 3, 2025, saw an overwhelming response, with the centralized allotment portion being oversubscribed by an astounding 267.04 times, underscoring strong investor confidence in PJHB’s prospects.
The entirety of the capital raised from the IPO is earmarked for capital expenditure, a crucial move designed to propel the company’s business growth. These funds will be strategically invested in the construction of three new Landing Craft Tank (LCT) vessels, with each ship estimated to cost between Rp53 billion and Rp57 billion. The primary objective behind acquiring these new LCTs is to bolster PJHB’s business development capabilities, effectively meeting the growing demand from clients for the transportation of heavy equipment and containers. Hero Gozali outlined the company’s measured approach, stating, “Our expansion will proceed step by step. With the funds from this IPO, we will proceed to purchase these three new vessels.”
Currently, PJHB operates a fleet of five vessels, boasting a diverse carrying capacity ranging from 1,300 metric tons to 2,500 metric tons. The existing fleet includes LCT Cipta Jaya Harapan 7 (built in 2012), LCT Cipta Jaya Harapan 8 (2023), LCT Cipta Jaya Harapan 9 (2010), LCT Cipta Jaya Harapan 10 (2010), and LCT Lien Star 88 (2009). With the successful infusion of IPO funds and planned expansion, PJHB is targeting robust financial performance growth. In 2024, the company recorded revenues of Rp54.66 billion and a gross profit of Rp22.02 billion. After accounting for operating expenses and taxes, PJHB’s net profit attributable to the parent entity reached Rp17.22 billion. Looking ahead, as of April 30, 2025, the company had already achieved revenues of Rp18.05 billion and a profit of Rp5.8 billion.
Anthony Samuel Rahmatharun, the Finance Director of Pelayaran Jaya Hidup Baru, expressed confidence in the company’s financial outlook. “For our profit target, we are definitely aiming to surpass last year’s figures. We expect a profit growth of approximately 10%-20% compared to the previous year. We are currently on track to achieve this,” Rahmatharun noted. The company, established in 2008, operates in sea transportation, warehousing, and storage. Its ownership structure reveals Hero Gozali as the majority shareholder, holding a 37.5% stake.
PJHB also boasts a portfolio of prominent clients, including major entities like PT Petrosea Tbk. (PTRO), a company associated with conglomerate Prajogo Pangestu. Interestingly, both Hero Gozali, the owner of PJHB, and Prajogo Pangestu share roots in Kalimantan, fostering a unique connection. PJHB’s confidence is further reinforced by the promising outlook for the shipping sector, which is currently enjoying a period of strong investor interest. This positive sentiment is mirrored in the exceptional performance of other new entrants in the shipping business, such as PT Chandra Daya Investasi Tbk (CDIA).
CDIA’s profit surged by 266.16% year-on-year (YoY) to US$77.6 million in the third quarter of 2025, up significantly from US$21.1 million in the third quarter of 2024. The national shipping industry is widely projected to maintain its growth trajectory, driven by increasing market demand across various sectors.
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Summary
PT Pelayaran Jaya Hidup Baru Tbk. (PJHB) commenced trading on the Indonesia Stock Exchange (IDX) on November 6, 2025, following a successful IPO. The company raised Rp158.4 billion by offering 480 million shares at Rp330 each, an offering that was oversubscribed by an astounding 267.04 times and saw shares jump 24.85% on debut. PJHB will utilize the entire capital for constructing three new Landing Craft Tank (LCT) vessels to bolster business development and meet growing client demand.
Operating a fleet of five vessels, PJHB reported Rp54.66 billion in revenue and Rp17.22 billion in net profit for 2024. With its expansion plans, the company targets a 10-20% profit growth, reflecting confidence in the positive outlook for the national shipping industry.
