MR. D.I.Y. Holding (Thailand) Public Company Limited or MR. D.I.Y., Thailand’s leading home improvement and lifestyle retailer (stock symbol: MRDIYT), will raise up to THB 5.6 billion (USD 173 million) in Thailand’s largest Initial Public Offering (IPO) of the year and Largest IPO by Market Capitalisation on Stock Exchange of Thailand (SET) in the last 3 Years.
Drawing support from notable domestic and international Cornerstone Investors including BBL Asset Management, InnovestX Securities Company Limited, FIL Investment Management, Lion Global and Fiera Capital (UK).
MR. D.I.Y. plans to expand its nationwide store network by adding at least another 500 new stores over the next 3 years (2025–2027), growing market share and enhancing operational presence. The company remains committed to offering a wide variety of everyday essentials at “Always Low Prices”, at convenient locations to better serve Thai consumers.
MR. D.I.Y. is investing THB 4.5 billion in a large-scale automation warehouse to enhance logistics and supply chain capabilities to support its growth trajectory beyond 1,500 stores post-2027 while continuously unlocking cost efficiencies.
Mr. Adrian Ong, Chairman of the Board of Directors of MR. D.I.Y., revealed that MR. D.I.Y. is Thailand’s largest and fastest-growing home improvement and general lifestyle retailer, driven by an experienced management team and its concept of offering Thai consumers everything, everyday, at “Always Low Prices”.
With over 16,000 SKUs across six main categories — household & furnishing, hardware, electrical, stationery & sports, toys, and others — MR. D.I.Y. continues to deliver value-for-money products at convenient locations nationwide. Listing on the SET under the abbreviation MRDIYT marks a major milestone to strengthen the company’s corporate governance, brand image and market visibility.
Mr. Andy Chin Guangui, Chief Executive Officer of MR. D.I.Y., stated that the Thai home improvement market is projected to grow at a 5.4% CAGR from THB 182.6 billion in 2024 to THB 237.8 billion in 2029. More importantly, chain retailers like MR. D.I.Y. are outpacing the market with a CAGR of 15.3%.
“Today, we are the leader in our segment with 9% market share, showing we are in the early stages of unlocking the full potential of Thailand’s home improvement market. In 2024, we recorded THB 16.2 billion in revenue, reflecting a robust three-year CAGR of 28%. Our strong operational performance also drove net profit to THB 1.7 billion, representing a 30% CAGR over the same period. This fundraising will accelerate our store expansion plans, new automated warehouse and product distribution — supporting our plans to reach 1,500 stores nationwide by 2027.”
Mr. Pichet Sithi-Amnuai, President of Bualuang Securities Public Company Limited, as financial advisor, domestic bookrunner and lead underwriter, confirmed SEC approval of MR. D.I.Y.’s filing and prospectus. The indicative IPO price range has been set at 8.30-8.60 baht per share, and retail investors will be allowed to subscribe from October 20 – 22, 2025. The final price, determined via book-building, will be announced by 24 October 2025, with trading on the SET expected to commence early November.
MR D.I.Y. will raise up to THB5.6 billion from the market based on the initial retail price of THB8.30 and THB8.60 per IPO share. This translates to a market capitalisation of up to THB57.1 billion based on the enlarged share capital of the Company, making it the biggest IPO by market capitalisation on SET in Thailand since 2023.
Mr. Konthee Prasertwongse, Senior Executive Vice President, Head of Investment Banking of CIMB Thai Bank PCL (SET: CIMBT), as financial advisor, stated that MR. D.I.Y. plans to offer an aggregate of up to 655,000,000 IPO shares, representing up to 10.9% of the total issued and paid-up ordinary shares after this capital increase and offering.
The offering will consist of up to 420,000,000 newly issued ordinary shares and up to 235,000,000 of existing shares. The primary proceeds will fund store expansion, warehouse automation, and debt repayment, as well as provide working capital to support sustainable growth.
The IPO is supported by a strong group of leading local and international financial institutions, underscoring market confidence in MR. D.I.Y.’s business and long-term growth potential.
Bualuang Securities PCL and CIMB Thai Bank PCL serve as financial advisers, while Bualuang Securities PCL and CGS International (Thailand) Securities Co., Ltd. act as lead underwriters. Kasikorn Securities PCL and Maybank Securities (Thailand) PCL act as co-underwriters. On the international side, CIMB Investment Bank Berhad, J.P. Morgan Securities plc and UBS AG are joint bookrunners. In addition, CLSA Limited has been appointed as co-managers.
