MR DIY Holding (Thailand) Launches IPO on SET as Retail Expansion Accelerates
Home-improvement chain targets THB 5.6 billion fundraising with over 1,000 stores nationwide and 500-store expansion plan
Thailand’s retail landscape welcomes a significant entrant as MR D.I.Y. Holding (Thailand) Public Company Limited (ticker MRDIYT) made its debut on the Stock Exchange of Thailand (SET) after one of the country’s largest initial public offerings this year.
The company raised approximately THB 5.63 billion (about US$173 million) and secured a market capitalisation in the region of THB 51.7 billion, underlining investor confidence in its business model and growth potential.
Founded as a home-improvement and lifestyle retailer, MR D.I.Y. Thailand already operates more than 1,000 stores across the country and offers more than 16,000 stock-keeping units under six product categories.
Its strategy emphasises cost-effective sourcing and rapid store openings, putting it in a strong position within the Thai market, where chain penetration remains relatively low.
The funds raised from the IPO will support a three-year rollout of at least 500 new outlets, strengthening logistics and supply-chain infrastructure — including a reported THB 4.5 billion investment in an automated warehouse facility — and further enhancing competitive pricing under its “Always Low Prices” promise.
Its last reported annual revenue was THB 16.2 billion, with net profit of THB 1.7 billion, reflecting compound annual growth rates above 28 per cent.
The floating share tranche represented up to 10.9 per cent of the company’s post-IPO paid-up capital.
The price range was set between THB 8.30 and THB 8.60 per share, and the offering included both newly-issued shares as well as secondary shares from an existing investor.
Cornerstone backing included recognized institutions both domestic and international.
MR D.I.Y. Thailand’s debut provides regional investors with one of the most compelling small-cap opportunities in Asia’s retail sector, offering strong fundamentals, disciplined expansion and a business model aligned with rising consumer spending.
The listing also signals confidence in Thailand’s retail recovery and the value of ‘everyday essentials’ segments amid global market volatility.
Investors will monitor execution of the expansion plan, margin stability amid supply-chain pressures and the ability to sustain growth beyond the Thai market.
Overall, MR D.I.Y. Thailand steps into public markets with a clear growth roadmap, strong investor support and a domestic retail sector still offering scope for increased store penetration and consumer demand.
The company raised approximately THB 5.63 billion (about US$173 million) and secured a market capitalisation in the region of THB 51.7 billion, underlining investor confidence in its business model and growth potential.
Founded as a home-improvement and lifestyle retailer, MR D.I.Y. Thailand already operates more than 1,000 stores across the country and offers more than 16,000 stock-keeping units under six product categories.
Its strategy emphasises cost-effective sourcing and rapid store openings, putting it in a strong position within the Thai market, where chain penetration remains relatively low.
The funds raised from the IPO will support a three-year rollout of at least 500 new outlets, strengthening logistics and supply-chain infrastructure — including a reported THB 4.5 billion investment in an automated warehouse facility — and further enhancing competitive pricing under its “Always Low Prices” promise.
Its last reported annual revenue was THB 16.2 billion, with net profit of THB 1.7 billion, reflecting compound annual growth rates above 28 per cent.
The floating share tranche represented up to 10.9 per cent of the company’s post-IPO paid-up capital.
The price range was set between THB 8.30 and THB 8.60 per share, and the offering included both newly-issued shares as well as secondary shares from an existing investor.
Cornerstone backing included recognized institutions both domestic and international.
MR D.I.Y. Thailand’s debut provides regional investors with one of the most compelling small-cap opportunities in Asia’s retail sector, offering strong fundamentals, disciplined expansion and a business model aligned with rising consumer spending.
The listing also signals confidence in Thailand’s retail recovery and the value of ‘everyday essentials’ segments amid global market volatility.
Investors will monitor execution of the expansion plan, margin stability amid supply-chain pressures and the ability to sustain growth beyond the Thai market.
Overall, MR D.I.Y. Thailand steps into public markets with a clear growth roadmap, strong investor support and a domestic retail sector still offering scope for increased store penetration and consumer demand.
