MR DIY’s Indonesian unit eyeing IPO in late 2024

MR DIY could seek to raise as much as US$300mil.

PETALING JAYA: Malaysian home-improvement retailer MR DIY Group (M) Bhd is considering listing its Indonesian unit in Jakarta as soon as this year or early 2025, according to people familiar with the matter.

MR DIY is working with banks on an initial public offering (IPO) plan, the people said, asking not to be identified discussing private information.