APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

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

Mr. DIY Holding (Thailand) / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mr-diy-holding-thailand" target="_blank" data-smartkarma-citation="entities:43926:1" rel="noopener">Mr. DIY Holding (Thailand) (2472516D TB)</a> is looking to raise up to US$173m in its upcoming Thai IPO.</li>
<li>It is recognized as the largest and fastest growing home improvement and general lifestyle retailer in Thailand.</li>
<li>In this note we will talk about the trading dynamics.</li>
</ul>



Mr. DIY Holding (Thailand) (2472516D TB) is looking to raise up to US$173m in its upcoming Thai IPO.
It is recognized as the largest and fastest growing home improvement and general lifestyle retailer in Thailand.
In this note we will talk about the trading dynamics.


Mr DIY Thailand IPO Trading: Shareholders Pledged Lockup; Midteens Upside

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mr-diy-holding-thailand" target="_blank" data-smartkarma-citation="entities:43926:1" rel="noopener">Mr. DIY Holding (Thailand) (2472516D TB)</a>  is recognized as the largest and fastest growing home improvement and general lifestyle retailer in Thailand.</li>
<li>It is considered the largest home improvement and lifestyle retailer by market segment in the country.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



Mr. DIY Holding (Thailand) (2472516D TB)  is recognized as the largest and fastest growing home improvement and general lifestyle retailer in Thailand.
It is considered the largest home improvement and lifestyle retailer by market segment in the country.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


Mr DIY Thailand IPO: Discount to Its Malaysian and Indonesian Counterparts

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>Concerns that the AI sector may be entering a bubble phase, triggering selling pressure on the SET.</li><li>The index has yet to establish a clear pattern of sustained recovery, continuing to move sideways.</li><li>We maintain our “buy-on-dip” strategy, expecting the support zone to hold and offer a potential rebound opportunity.</li></ul>

Concerns that the AI sector may be entering a bubble phase, triggering selling pressure on the SET.The index has yet to establish a clear pattern of sustained recovery, continuing to move sideways.We maintain our “buy-on-dip” strategy, expecting the support zone to hold and offer a potential rebound opportunity.

Krungthai XSpring Technical Eng. November 10, 2025

<ul><li>Asian bourses tumbled following the Dow Jones’ decline, as technology shares came under heavy sell-off pressure amid rising concerns that the US stock market may be entering a bubble phase.</li><li>Although the index continued to edge lower, there were signs of recovery attempts, and the weakness in blue-chip stocks remained limited.</li><li>Hence, we recommend buying on dips, maintaining a constructive outlook that the recent pullback is temporary and the index is poised for a near-term rebound.</li></ul>

Asian bourses tumbled following the Dow Jones’ decline, as technology shares came under heavy sell-off pressure amid rising concerns that the US stock market may be entering a bubble phase.Although the index continued to edge lower, there were signs of recovery attempts, and the weakness in blue-chip stocks remained limited.Hence, we recommend buying on dips, maintaining a constructive outlook that the recent pullback is temporary and the index is poised for a near-term rebound.

Krungthai XSpring Technical Eng. November 6, 2025

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Sany Heavy Industry / Equity Capital Markets

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, Hong Kong and India markets appear to be gearing up for a year end rush.</li>
<li>On the placements front, there were no large deals this week but we did have a look at the upcoming lockup expiries.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, Hong Kong and India markets appear to be gearing up for a year end rush.
On the placements front, there were no large deals this week but we did have a look at the upcoming lockup expiries.


ECM Weekly (27 October 2025)- Sany, Seres, PonyAI, WeRide, CIG, JST, Lenskart, Horizon, CRB

Thailand

Mr. D.I.Y. Holding (Thailand) Public Company Limited operates as a holding company. The Company, through its subsidiaries, retails home improvement, decoration, and repair products. Mr. D.I.Y. Holding (Thailand) serves customers worldwide.

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Mr. DIY Holding (Thailand) (2472516D TB)

Mr DIY Thailand IPO Trading: Shareholders Pledged Lockup; Midteens Upside

Mr. DIY Thailand is looking to raise up to US$173m in its upcoming Thai IPO. In this note we will talk about the trading dynamics.

Nicholas Tan

Mr DIY Thailand IPO: Discount to Its Malaysian and Indonesian Counterparts

Mr. D.I.Y. Thailand is recognized as the largest and fastest growing home improvement and general lifestyle retailer in Thailand. In this note, we...

Nicholas Tan

Krungthai XSpring Technical Eng. November 10, 2025

Concerns that the AI sector may be entering a bubble phase, triggering selling pressure on the SET. The index has yet to establish a clear pattern...

Krungthai XSpring

Krungthai XSpring Technical Eng. November 6, 2025

Asian bourses tumbled following the Dow Jones’ decline, as technology shares came under heavy sell-off pressure amid rising concerns that the US...

Krungthai XSpring

ECM Weekly (27 October 2025)- Sany, Seres, PonyAI, WeRide, CIG, JST, Lenskart, Horizon, CRB

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)