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MR. D.I.Y. Holding Poised for Listing on Stock Exchange of Thailand (SET) Amid Fresh Wave of Initial Public Offerings (IPOs)

Strategic Insights

— 2 min read

MR. D.I.Y. Holding (Thailand) Plc, a leading home improvement and lifestyle retailer in Thailand, is scheduled to list on the Stock Exchange of Thailand (SET) in early November following a successful initial public offering (IPO) and the upcoming debut of Atlas Energy Plc on the bourse. MRDIYT has set an offering price range of 8.30-8.60 baht a share and expects to raise 3.3-3.4 billion baht from the IPO, with proceeds allocated for business expansion, debt repayment, and working capital. The company operates as a holding company and has grown rapidly to become a nationwide retail leader with over 1,000 stores offering more than 16,000 items across six categories.

Key Takeaways:

  • MR. D.I.Y. Holding (Thailand) Plc is poised to list on the Stock Exchange of Thailand (SET) in early November following a successful initial public offering (IPO).
  • The company has set an offering price range of 8.30-8.60 baht a share and expects to raise 3.3-3.4 billion baht from the IPO.
  • MRDIYT operates as a holding company and has grown rapidly to become a nationwide retail leader with over 1,000 stores offering more than 16,000 items across six categories.
  • The company expects to allocate 10.89% of its total paid-up capital after the offering, with 420 million shares newly issued and 235 million shares offered by existing shareholder MDIH (Singapore) Pte Ltd.
  • MRDIYT has appointed Bualuang Securities (BLS) and CIMB Thai Bank Plc as financial advisors, with BLS and CGS International Securities (Thailand) acting as joint lead underwriters.
  • Arnupharp Kongmalai, vice-president of marketing at MRDIYT, stated that the Thai retail industry faces volatility from both internal and external factors, but the company is bullish about its growth in Thailand.
  • MR. D.I.Y. plans to launch its own marketing campaign during the government's "Khon La Khrueng Plus" co-payment scheme period, as it does not participate in the scheme.

Statistics:

  • Offer period for retail investors and related persons: Oct 20-22
  • Offer period for local and foreign institutional investors: Oct 27-29
  • Total IPO shares: up to 655 million shares
  • Offering price range: 8.30-8.60 baht a share
  • Expected IPO proceeds: 3.3-3.4 billion baht
  • Number of MRDIYT stores: over 1,000
  • Number of items offered by MRDIYT: over 16,000
  • Categories offered by MRDIYT: hardware, household and furnishings, electrical, stationery and sports, toys, and others

Sources:

  • MR. D.I.Y. Holding (Thailand) Plc
  • Atlas Energy Plc
  • Bualuang Securities (BLS)
  • CIMB Thai Bank Plc
  • CGS International Securities (Thailand)
  • Sage Capital Ltd
  • Suwatchai Pithakwongsaporn, managing director of Atlas Energy
  • Amorn Piriyapatsom, executive vice-president at Sage Capital Ltd
  • Arnupharp Kongmalai, vice-president of marketing at MRDIYT

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