I saw news that MR DIY is going public soon. Any news on how to apple for IPO?

Word is end of the year. Will have to wait and see how this will ply through.

Huh..

If not mistaken..
Their listing pick is either Malaysia or HK market...
My bet is HK.. More exposure.. Since the major shareholder is Venture Capital company.. Sure they want to sell later on premium pricing...

They are exploring the possibilities, not yet confirm going for IPO. At the moment they are just asking for quotations. Have some patience young man.

The proposal is for the Malaysia retail portion to be listed. This will exclude all other fast growing market in SEA. Mr DIY has around 330 stores in Malaysia which is slightly saturated. They are smart to exclude the rest of fast growing SEA countries where they are still in their initial expansion stage. Anyway it depends on its valuation to determined whether its worth to buy.
I have come out with a Fair P/E
Malaysia only - 18x
Whole group - 25x

Hi.. is it means we only can wait news release than get more information from there? thanks!

Wow...saw it as a rumor and nothing mote. Even nonone discussing it. Well park here. Need more info~

Yup.just wait for now first..
I'm sure someone here got insider info when IPO actually happens..

Just chill first 👍👍

Last time I heard it will go listed around November. still true now?

nothing so far

if really listing in Nov, then by now should be listed in SC website under Prospectus Exposure

I wait till my neck become so long ady, still don have any news from them..lol

Keep waiting until hair become white lor

I think they looking other than Bursa Malaysia for maximum valuation & future easy exit (if the price is right) 🤑

For those who haven't heard: Newsbreak: Mr DIY’s listing moved to 2020

This post has been edited by Yggdrasil: Oct 29 2019, 01:37 AM

Thanks for the info~

Really good news.I am really looking forward for DIY ipo next year.

Ahh thanks .
Now I know they defer the listing...
Just hope it's not overpriced listing with unreasonable premium like all the IPOs 😑😒

Farm Fresh IPO coming soon?

Really?
Where u heard?
Zamsaham told you

Nope,

please do bit of research

https://www.hmetro.com.my/bisnes/2019/12/52...akal-terbit-ipo

Ooh okay...

Well listing expected November 2020..
Still long way.. Anything can happen..

As long not in SC website.. With all the draft IPO details like Shares offered, Financial information & dividends policy.. Then I don't considered as upcoming listing...

Just like UMobile, Axiata Tower & among others.. Tcss only.. Until now No concrete listing plan...

More IPO comings on 2020

Which company???

I already banned this brand. Bought a few times basi milk. I think it's their poor product handling.

is it? It has been my favourite fresh milk so far, and never encounter any bad experience, yet, not looking forward to

I bought a lot of their milk, latte, and yoghurt drink. So far so good.. for a few years already.

why farm fresh in mr diy thread eh...

Since there's no specific topic created for it 🤣

mr diy ar..oh dear..so many adviser ar..
cimb ar maybank ar credit suisse ar JP morgan ar rhb ar ubs ar
share issue so many ar

Now I wonder what the pricing would be??

Also its managed to get some kind of exception from bursa...
Only 15% public float yo 👍💪 vs normally 25%...

since so many adviser and joint adviser
i think is above Rm1

if below rm1.. confirmed BBB mode on

now next question... would the IPO attract foreign funds? or it's just our locals EPF, PNB, TH, KWAP & LTAT

i doubt so below RM1

cradle funds also want out lo........ what makes them wanna in?

After IPO, all items increase price. Mr. DIY - > Mr. DIU

parking

How about others??
Like those insurance companies? They also not keen to subscribe? 😒

Locals fund should be natural.. since any high profile IPO.. somehow sure would want pie...

depends on valuation i think. if the valuation is too high, doubt there would be much taker

When is the IPO open to subcribe and IPO initial price?

we duno..i guess tis year or next year

No clear information available...
So u wait first ya 😁

Won't be so fast. Probably later end of this year to nxt year.

Cimb and maybank are their adviser. 👍👍

i finger cross

Can apply. Hurry up. 0 sen 😁😝

Better apply for it soon before it runs out 😅

I applied yesterday for 500k lots.I dont care the cost.

Value 37 times more than historical price. at
4.19sen

Say FV is rm2 per unit

500000 lot x 100

50millon unit x rm2

100 mil in cash

Damn, you r super rich. 👍👍👍👍

But finally get 100k allocation only 🤣
Since it's oversubscribed...

I means 500 lots only.If it costs RM 1 ,its only RM 500k.A ciput amount.
Of course will not get that quantity.Maybe max 200lots.

The highest amount allocation pervious IPO u managed to get? 🤔

165lots.I mean big lots

Ooh 165 huh...
Quite good numbers....

Good as in term??
🤔

Did u see the stock code in Bursa trading board 😋
Now still under MITI application stage(Bumi special allocation)...take few months to open to public Malaysian...

Attached thumbnail(s)

i already got SC version prospectus

doesnt say much

Sharing is caring 😋

still available to download before taken down

Previous mega ipo don't perform well when the share offer is so huge

share issue lo

Yes,share issue is huge to reduce the ipo cost.If small issue the ipo price will be high.This way small
investors can subscribe.

Bigger share issues hard to goreng...
Hard to move big...

Growth slows significantly in 2019 yet intended PE is 37 times, doesn't sound promising, right?

When open for non-bumi? Don't tell me close already

maybe end of march lsit i think

You want meh?


Side kopi talk.. The stuff they sell is so siiiity :x

Use one time... that's it. (Ai am not a returning customer )

It feels like a Chinese hardware stall that is simply mushrooming left, right, center, front and belakang... Do they really make money or they simply doing the numbers game...?

LOL.... Ignore me.. No one cares about these stuff during ipo

This post has been edited by Boon3: Feb 28 2020, 03:38 PM

Recession coming means people flock to cheap inferior goods.
For example, fast food companies do well generally during recession. (Not referring to Malaysia because some Malaysians can't even afford to eat McDonalds )
No harm applying RM1000 to try luck.

Siitty you means shitty is it? Shitty stuff that spoil easily because Made in China is gooding. This means its planned obsolescence so consumers will buy more when it breaks

Sure make one. Even Chinese products in Pakistan can make money. Now no supply due to virus, price shoot up

Nah...
I won't be buying from that shop ever...
There are China products and then there are those China products.. Lol

Ps... Ipo forum thread La... no one really cares one... Lol

Mr DIY Group is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty



https://www.theedgemarkets.com/article/mr-d...litical-turmoil

patut la last friday postpone ni

Don't know which next IPO plan gone up in smoke 😁

i hear another one plan to list...well known wan

sharing is caring ya

Unexpected turn of events...
More uncertainty in coming at least until parliament sitting 😁

esok mr.diy open as usual back ?? inside those mall ??

mr diy already opened since last week.
bought some stuff there last saturday.

Malaysian Retailer Mr DIY Revives $500 Million IPO Plan

Sos: Bloomberg

Malaysia’s Mr DIY Group is reviving its initial public offering plan after postponing it in March when the Covid-19 pandemic worsened, according to people with knowledge of the matter.

The country’s biggest home improvement retailer aims to restart marketing to gauge investors’ interest next month, the people said. The company aims to raise about $500 million in the share sale, which could begin as early as October, the people said, asking not to be named as the information is private.

Mr DIY’s sales surged to a record in May and June, after the government partially lifted coronavirus-driven restrictions in order to resuscitate the economy, the people said.

The share sale by the company, which is backed by private equity firm Creador, would be the biggest IPO in Malaysia since Lotte Chemical Titan Holding Bhd. raked in $849 million in 2017, according to data compiled by Bloomberg.

The potential deal will give a boost to the Malaysian stock market, which has only seen $70.7 million worth of IPOs so far this year, the slowest in more than a decade. Despite the political turmoil in the country, the benchmark FTSE Bursa Malaysia KLCI Index has rebounded nearly 30% from its March low.

Deliberations on the plan are still ongoing and there is no certainty the company will proceed, said the people. Representatives for Creador and Mr DIY declined to comment.

Mr DIY opened its first store in Malaysia in 2005 and now operates more than 622 outlets across the country, according to its website. The company sells over 14,000 types of products in ten categories including furniture, computer accessories, hardware and toys. It counts Tesco Plc and Aeon Co. among its business partners, according to the site.

This post has been edited by Ziet Inv: Aug 13 2020, 10:15 AM

Faster start IPO I wanna bet my money

Logically, if business profitable, people rather keep it private.
If business unprofitable, people want to fast fast IPO to get out.

However, if business profitable and want to take risk to expand to try to become more profitable but don't have money now, they go IPO too. But now if expansion not suitable due to economic environment, they rather keep it private or until market recovers.

Red flag if they die die want IPO So just be patient.

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