Mr. DIY Thailand to raise more than half a billion baht

Mr. DIY Thailand stands to raise more than half a billion Thai baht from its planned initial public offering, information extrapolated from its prospectus reveals. Mr. DIY Holding (Thailand) Public Company Ltd., which operates eponymous stores in the Southeast Asian country, has applied to sell up to 16.31 per cent of the company to the Thai public via a market debut. The stake translates to more than 981.482 million shares.

The company has not disclosed how much it plans to raise from the maiden offering, but indicated that the shares had a par value of THB 0.50 (Thai baht, EUR 0.013). The par value of a share is the minimum value at which a company can issue shares to the public. Should Mr. DIY Thailand price its stake sale at par value, it would raise THB 490.741 mio in proceeds.

The home goods retailer, however, has hinted at plans to sell the shares for more than this. Information…