Mr Diy Share Ipo. Mr diy group, malaysia’s biggest home improvement retailer, is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty. Based on the issue price of rm1.60 per share, mr diy is valued at a market.
The company, which is only looking to list its malaysian business, is targeting a valuation of rm10bil, potentially making it the 35th largest company by market capitalisation should it be listed on bursa malaysia, In the home improvement market amounting to rm7.7bil, mr diy dominates with a lion’s share of 29.1%. Most of mr diy ipo listing goes to debt repayment and that is already a red flag.
However, the gain is relatively low compared with its low liner peers which made their debut on bursa in the past 12 months.
They probably need the working capital to rotate their stocks. Malaysian home improvement retailer mr diy group opened the books for its 1.5 billion ringgit ($361.71 million) initial public offering (ipo) on tuesday, the country's largest listing in three years. 10 things you need to know about mr d.i.y 's ipo: Mr diy plans to offer 941.49 million shares via its ipo, out of its 6.28 billion total outstanding ordinary shares, this comprises an offer for sale of up to 564.89 million existing shares and a public issue of 376.60 million new shares.