MR. D.I.Y. Holding (Thailand) Public Company Limited (MRDIYT), Thailand’s leading home improvement and lifestyle retailer, is set to launch its Initial Public Offering (IPO) to raise up to THB 5.6 billion (approximately USD 173 million). This offering marks the largest IPO by Market Capitalisation on the Stock Exchange of Thailand (SET) in the last three years.
The fundraising effort has secured strong backing from notable domestic and international Cornerstone Investors, including BBL Asset Management, InnovestX Securities, FIL Investment Management, Lion Global, and Fiera Capital (UK), underscoring market confidence in the company’s growth trajectory.
Aggressive Expansion & THB 4.5 Billion Logistics Investment
Andy Chin Guangui, CEO of MR. D.I.Y. Holding (Thailand), detailed the company’s aggressive growth strategy. MR. D.I.Y. plans to add at least 500 new stores across the country over the next three years (2025–2027) to capture greater market share and enhance its operational footprint. The company remains committed to its core concept of offering over 16,000 SKUs across six major categories at “Always Low Prices.”
To support this expansion, the company is investing THB 4.5 billion into a large-scale automation warehouse. This investment is designed to significantly enhance logistics and supply chain capabilities, allowing the company to efficiently support a network of over 1,500 stores post-2027.
“The Thai home improvement market is projected to grow at a 5.4% CAGR,” Mr. Chin stated. “Chain retailers like MR. D.I.Y. are outperforming this, growing at a 15.3% CAGR. With a current market share of 9%, we are in the early stages of unlocking the full potential.” He highlighted the company’s robust financial performance, which saw THB 16.2 billion in revenue in 2024 (28% three-year CAGR) and a net profit of THB 1.7 billion (30% CAGR).
IPO Details and Market Capitalisation
Pichet Sithi-Amnuai, President of Bualuang Securities and domestic bookrunner, confirmed that the Securities and Exchange Commission (SEC) has approved the company’s filing.
The indicative IPO price range has been set at THB 8.30–8.60 per share. Retail investors can subscribe for shares from October 20–22, 2025. The final price will be determined via book-building and announced by October 24, 2025, with trading on the SET expected to commence in early November.
At the initial retail price range, the IPO will translate to a market capitalisation of up to THB 57.1 billion based on the enlarged share capital, solidifying its position as the largest IPO by market capitalization in Thailand since 2023.
Konthee Prasertwongse, Senior Executive Vice President of CIMB Thai Bank, stated that the offering comprises up to 655 million shares (representing up to 10.9% of total shares), including both newly issued and existing shares. The proceeds will primarily fund store expansion, warehouse automation, debt repayment, and working capital to ensure sustainable growth.
CPN invests THB 21 Billion to forge new CBD in north Bangkok
AXONS and AWS launch ‘Farm One’ to digitize Thai agriculture
