Mr DIY Group (M) Bhd has finally made its first appearance on the Main Market of Bursa Malaysia today!
Previously, the firm's public issue (IPO) shares were opened from 6 to 14 Oct with 941.49 million shares being subscribed more than 3.9 times.
As of this morning, the home appliance retail shares traded at RM1.70 per share, up 6.25% or 10 sen from the issue price of RM1.60 per share, leading the company to a market capitalization of RM10.63 billion.
Mr DIY shares were also the most active counter on the local bourse this morning with around 168.14 million shares traded.
Mr DIY CEO Andrian Ong said Malaysia had shown high growth potential with an average annual growth rate (CAGR) of 10.2% per annum, and they were among those who added market share for the growth.
In fact, they have allocated capital expenditure amounting to RM438 million to launch 307 new branches, involving MR D.I.Y, MR DOLLAR and MR TOY throughout 2020 until 2021.
The effort will bring the total number of branches to 900, covering operations in Malaysia and Brunei.
MR DIY was established in 2005 and has grown to become the largest home appliance retailer in the country. Until 2019, they successfully expanded their operations across the markets of Thailand, Brunei, Indonesia, the Philippines and Singapore.
