MR DIY Group opens at offer price of RM1.60

MR DIY raised RM1.5bil from the market. Its IPO comprised up to 941.49 million shares – an offer for sale of up to 753.09 million existing shares and a public issue of 188.40 million new shares.

KUALA LUMPUR: MR D.I.Y. Group (M) Bhd, the country’s largest IPO this year, made its debut on the Main Market of Bursa Malaysia at RM1.60, which is its offer price.

At 9.03am, share of the home improvement retailer was trading at RM1.61. There were 49.78 million shares done at prices ranging from RM1.50 to RM1.62.