MR DIY Placement - Has Done Exceptionally Well Since Listing

MR D.I.Y. Group (MRDIY MK) - Unique in Malaysia

MR D.I.Y. Group (MRDIY MK) - Self Sustaining Superbrand

MR DIY IPO - Store Expansion Still Going Strong, Undemanding Valuation

MR. D.I.Y. Pre-IPO - Updates and Thoughts on Valuation

Mr D.I.Y. Pre-IPO - Assumptions and Thoughts on Valuation

APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/mr-d-i-y-group" target="_blank" data-smartkarma-citation="entities:28430:1" rel="noopener">MR D.I.Y. Group (MRDIY MK)</a> raised US$364m at the fixed price of MYR1.60 per share in its Malaysia IPO.</p>
<p>The company is the largest home improvement retailer in Malaysia with a market share of about 29.3% in 2019 based on FY2019 revenue. We like the business for its resilient performance despite COVID-19 and reasonable valuation at the offered price.</p>
<p>In this note, we will look at the deal dynamics and provide a table with implied valuation at different share price levels.</p>
<div>
<p>We have covered the basics of the company in our previous three notes:</p>
</div>
<div>
<ul style="list-style-type: disc;">
<li>
<a href="https://www.smartkarma.com/insights/mr-d-i-y-pre-ipo-largest-home-improvement-retailer-in-malaysia" target="_blank" data-smartkarma-citation="insights:35843" rel="noopener">Mr D.I.Y. Pre-IPO - Largest Home Improvement Retailer in Malaysia</a> </li>
<li>
<a href="https://www.smartkarma.com/insights/mr-d-i-y-pre-ipo-store-walk-through-and-thoughts-on-value-proposition" target="_blank" data-smartkarma-citation="insights:36114" rel="noopener">Mr D.I.Y. Pre-IPO - Store Walk-Through and Thoughts on Value Proposition</a> </li>
<li>
<a href="https://www.smartkarma.com/insights/mr-d-i-y-pre-ipo-small-stores-with-dominant-market-share" target="_blank" data-smartkarma-citation="insights:36402" rel="noopener">Mr D.I.Y. Pre-IPO - Peer Comparison - Small Stores with Dominant Market Share </a> </li>
<li>
<a href="https://www.smartkarma.com/insights/mr-diy-ipo-store-expansion-still-going-strong-undemanding-valuation" target="_blank" data-smartkarma-citation="insights:43929" rel="noopener">MR DIY IPO - Store Expansion Still Going Strong, Undemanding Valuation</a> </li>
</ul>
</div>

MR D.I.Y. Group (MRDIY MK) raised US$364m at the fixed price of MYR1.60 per share in its Malaysia IPO.
The company is the largest home improvement retailer in Malaysia with a market share of about 29.3% in 2019 based on FY2019 revenue. We like the business for its resilient performance despite COVID-19 and reasonable valuation at the offered price.
In this note, we will look at the deal dynamics and provide a table with implied valuation at different share price levels.

We have covered the basics of the company in our previous three notes:




Mr D.I.Y. Pre-IPO - Largest Home Improvement Retailer in Malaysia 

Mr D.I.Y. Pre-IPO - Store Walk-Through and Thoughts on Value Proposition 

Mr D.I.Y. Pre-IPO - Peer Comparison - Small Stores with Dominant Market Share  

MR DIY IPO - Store Expansion Still Going Strong, Undemanding Valuation 



MR DIY IPO Trading - Good Demand, Still Very Reasonable Valuation

MR DIY Group M

MR DIY IPO Trading - Good Demand, Still Very Reasonable Valuation