Mr. DIY Thailand to Raise USD 173 Million from Market Debut

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THAILAND: The Thai arm of global home goods retailer Mr. DIY expected to raise about US$ 173 million (EUR 150.33 million) from its stock market debut. Following the listing, the company floated 10.9 per cent of its shares to the public. The funds are earmarked for opening an additional 500 stores in Thailand between 2025 and 2027, aiming to build a network of over 1,500 outlets by the end of this period, expanding market share, reducing debt, and strengthening operations through warehouse automation. Of this, THB 4.5 billion (US$139 million) has been allocated for a large-scale automated warehouse to boost logistics and supply chain capacity. Mr. DIY estimates it holds a nine per cent share of Thailand’s home improvement market and, while leading players are grappling with the impact of high household debt on consumer spending, the retailer is targeting a compound annual growth rate of 15.3 per cent through 2029.

Source: Mr DIY