MR DIY Holding (Thailand) aims to raise up to 5.6 billion baht (equivalent to approximately $173 million or RM807 million) through an initial public offering (IPO) ahead of its listing on the Stock Exchange of Thailand on November 5.
In a statement, the company announced that 4.5 billion baht of the IPO proceeds will be allocated for the construction of an automated distribution center aimed at improving logistics and supply chain efficiency.
The move will enable MR DIY to support more than 1,500 branches after 2027, while optimizing operating costs.
The IPO price is set between 8.30 to 8.60 baht per share, while the subscription period for retail investors is expected to run from October 20 to 22.
In addition, the home improvement and lifestyle retailer also plans to open at least 500 new branches across Thailand between 2025 and 2027.
MR DIY Chief Executive Officer (CEO), Andy Chin explained that the home improvement retail market in Thailand is expected to register a compound annual growth rate (CAGR) of 5.4%, increasing from 182.6 billion baht in 2024 to 237.8 billion baht by 2029.
He also noted that MR DIY is growing faster than the overall market with a CAGR of 15.3%, and currently controls 9% of the market, indicating significant growth potential.
MR DIY Thailand recorded revenue of 16.2 billion baht in 2024, with an average annual growth of 28%, while net profit increased to 1.7 billion baht, representing a CAGR of 30% over the same period.
