The company is marketing the shares at 1,650 rupiah to 1,870 rupiah apiece.
The Indonesian sister company of Mr DIY Group (M) Bhd. will list shares in Jakarta through an initial public offering that seeks to raise as much as 4.7 trillion rupiah ($399 million), in what would be the nation’s biggest listing in more than a year.
PT Daya Intiguna Yasa, the Indonesian affiliate of the Malaysian home-improvement retailer, plans to offer as many as 2.5 billion shares in the IPO, including 2.3 billion shares currently held by shareholder Azara Alpina Sdn Bhd, according to Mr DIY’s listing document on Monday.
