Discount Variety Retail Chain Mr. D.I.Y. Indonesia Announces IPO to Accelerate Expansion and Strengthen Position in Non-Grocery Retail
Today, PT. Daya Intiguna Yasa Tbk. or Mr. D.I.Y., the largest household goods retailer in Indonesia, announced its planned Initial Public Offering (IPO) as a strategic step to accelerate its expansion and strengthen its position in the non-wholesale retail industry. This is an important milestone for Mr. DIY's journey since entering the Indonesian market in 2017.
"We have a vision to expand our reach, serve more customers throughout Indonesia with affordable quality products," said Edwin Cheah, President Director of PT. Daya Intiguna Yasa Tbk.
IPO Details:
• 2,519,039,400 shares (10% after IPO)
• Price range: IDR 1,650 – IDR 1,870 per share
• Bookbuilding period: 25 Nov – 3 Dec 2024
• Listing on IDX: 19 Dec 2024 with the stock code MDIY
With 800+ stores across Indonesia and strong growth, Mr. D.I.Y. has become a top destination for household supplies needs. "This IPO is not only about business growth, but also about creating a positive impact on the people of Indonesia. With this step, we are optimistic that Mr. D.I.Y. will continue to be a reliable partner for customers, the community, and shareholders," Edwin concluded.
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