PETALING JAYA: MR. D.I.Y. Holding (Thailand) Public Co Ltd is set to raise as much as 5.63 billion baht, or approximately RM730mil, through an initial public offering (IPO) later this month as it accelerates expansion across Thailand.
The company plans to issue up to 655 million shares, representing 10.89% of its post-IPO paid-up capital, at an indicative price range of 8.30 to 8.60 baht per share, according to its prospectus lodged with the Securities and Exchange Commission.
Of this, 420 million new shares will be offered by the company, while 235 million shares will be sold by existing shareholder MDIH (Singapore) Pte Ltd.
MR. D.I.Y. Thailand expects to net 3.28 billion to 3.4 billion baht from the share sale, which will be used to expand store networks, repay loans, and provide working capital.
“The proceeds will support our long-term growth plans and enhance financial flexibility,” the company said in its filing with the Stock Exchange of Thailand.
Founded in 2016 and now operating over 1,000 outlets across 77 provinces, MR. D.I.Y. Thailand now holds an 8.8% market share in the overall home improvement segment and nearly 40% among chain retailers, according to research by Frost & Sullivan.
The company aims to open at least 200 new stores in 2026, focusing on high-traffic and underpenetrated areas.
The retailer also operates the KKV lifestyle store chain, introduced in 2024, and has expanded into online channels via its own e-commerce site and platforms such as Shopee, TikTok, and Lazada.
MR. D.I.Y. Thailand benefits from economies of scale through its regional supply chain under Malaysia-listed MR D.I.Y. Group (M) Bhd, which manages over 5,000 stores globally.
Based on its trailing 12-month net profit of 2.16 billion baht, the IPO values the company at a price-to-earnings ratio of 23.1 to 23.9 times. The stock will be listed on the Stock Exchange of Thailand (SET) under the Commerce sector.
The company has a dividend policy to distribute at least 40% of net profit to shareholders.
