The company told the Jakarta Post the cash will go towards anchor-handlers.
It has taken delivery of two 12,236-bhp ships this year from Fujian Southeast in China, with another due this quarter. It wants another three to five by the end of 2014.
Logindo has so far funded its newbuilding drive with Singaporean bank loans, backed by new contracts in Indonesia.
But an IPO will take place "in the near future", although no details are available as yet on the amount of the offering in Jakarta.
Formed in 1995, Logindo also operates supply ships, landing craft, tugs, dive support ships, crew boats and accommodation barges among its fleet of 36 vessels.
