So what is your view on MR DIY if there go Public ?

I think they honestly want to expand and not cash out.
But now economy uncertain. Also, prospectus probably needs to be revised with latest figures.
Figures probably not good because of MCO Now also in dilemma whether to IPO or not because unsure of public's confidence.
Must be embarrassing if the IPO not oversubscribed.

True thou, somehow something feels fishy, it just doesn't feel right.

I wonder their IPO is to cash out & cabut, or expand more retail stores? Don't really see where they can grow to be honest

Main Market-bound Mr DIY to issue 941.49 million IPO shares

Source: TheEdge Markets

KUALA LUMPUR (Sept 24): Mr DIY Group (M) Bhd, which plans to list on the Main Market of Bursa Malaysia, will issue 941.49 million new and existing ordinary shares as part of its initial public offering (IPO), it said in a statement today.

The retailer will be offering 470.75 million IPO shares to bumiputera investors approved by the Ministry of International Trade and Industry, and 309.21 million existing ordinary shares to Malaysian institutional and selected investors, foreign institutional and selected investors outside the US, and qualified institutional buyers in the US.

Meanwhile, its retail offering comprises 36 million new ordinary shares to directors and employees of the company as well as eligible individuals who have “contributed to Mr DIY’s success”, and 125.53 million new ordinary shares to the public.

“This event is a major milestone for Mr DIY and brings us one step closer to becoming a publicly-listed company. Although markets have been severely impacted by the Covid-19 pandemic over the past few months, we have persevered as a group and are pleased to have this opportunity to embark on our next phase of growth,” said Mr DIY’s chief executive officer Adrian Ong.

“Tapping into the capital markets will help accelerate our growth plans, as we continue to scale our store network to capitalise on the under-penetrated home improvement retail sector in Malaysia. This should further entrench Mr DIY’s position as Malaysia’s largest home improvement retailer,” he added.

Sources have told The Edge that the listing could take place as soon as in the fourth quarter of this year, thanks to its V-shaped recovery from the pandemic-induced Movement Control Order (MCO) that had hit retailers.

According to Bloomberg, the IPO aims to raise about US$500 million (RM2.1 billion). It was postponed twice — late last year and in the first half of this year, due to the MCO.

According to Mr DIY, it operates 640 stores across Malaysia and four stores in Brunei under the Mr DIY brand as at Sept 6. It also operates the Mr Toy chain of stores offering affordable toys and products for children and babies, and Mr Dollar, which sells F&B and household goods at either RM2 or RM5.

The group has signed an underwriting agreement with CIMB Investment Bank, Maybank Investment Bank, RHB Investment Bank, AmInvestment Bank, Hong Leong Investment Bank and Kenanga Investment Bank.

CIMB IB, Maybank IB and RHB IB are the joint managing underwriters and joint underwriters while AmInvestment, Hong Leong IB and Kenanga IB are the joint underwriters for this IPO exercise.

CIMB IB and Maybank IB are also the joint principal advisers, joint global coordinators and joint bookrunners, while RHB IB is also the joint global coordinator and joint bookrunner.

Meanwhile, Credit Suisse Securities (Malaysia) Sdn Bhd, Credit Suisse (Singapore) Ltd, J.P. Morgan Securities plc and JPMorgan Securities (Malaysia) Sdn Bhd are the joint global coordinators and joint bookrunners, and UBS Securities Malaysia Sdn Bhd and UBS AG, Singapore Branch are the joint bookrunners.

Maybe can buy @ apply few shares...

Plan to buy how much? RM 10k ?

All I know is that their products is VERY EXTREMELY lousy!!!

Buy a screw driver... turn it harder... the screw driver head breaks!
Screw turned about 3 times only....
So the screw driver... used ... 0 times?

Buy a spade... the handles come off the spade.....


Buy 2 items... both items ..... koyak.

Damn lousy made in China products!!!!



Buy IPO? Sorry don't think I want to be a water fish.

Well see how much the valuation first..
Needs to discuss with my "advisors" before making final decision on amount 😁

bro...look at the screwdriver's price...

Guilty as hell!!!

Yes, it's so damn super cheap but ......... in this case ..... how will the shop get returning customers?

Me? I am not returning ever as a customer.....

so who loses?


See the bad impression the company has given me?

Want to IPO?

LOL! Clearly their IPO strategy is to open up as many stores as possible in the country....
and then you look at some older Mr.DIY shops...
like swatting lalat only......

agree.... but then the do sell other stuff beside low grade screwdrivers...
I do shop alot at diy...found that the same things selling in supermarket and diy...is alot cheaper thr...

its a good way as it break then customer will come back and buy again which give diy more money

RM 1.60..... Maybe undersubscrib

You mean DIY cost RM 1.60. Dam expensive at this time.

how do you determine if 1.60 is expensive or cheap?

PE is 37X for retail buisness

this prospectus launched ady?

confirmed that they are selling the IPO Shares at PE of 37x multiple?
if yes, then indeed, it is overvalued to me.

PE 37 that is like Top Glove, Supermx level
good luck

how to subscribe?

Mr. DIY quality is meant for use and throw not use and keep.
Customers return because the tool is cheap that it breaks lol.
That's built in planned obsolescence.

We might not use those low quality crap but many renovation contractor usually buy these cheap stuff to cut cost. Even the company which came to install a custom made wardrobe used some el cheapo elephant glue Didn't know until I found out they left the glue in one of the drawers.

I know a guy who runs an events company and he also goes there to buy stuff. There definitely is a market but maybe targeting lower income. Might do well in a recession. I haven't looked at the financials yet.

This post has been edited by Yggdrasil: Oct 1 2020, 10:33 PM