PT Daya Intiguna Yasa, an affiliate of Mr DIY in Indonesia, is preparing to launch an IPO in Jakarta with the goal of raising up to 4.7 trillion rupiah ($297 million).

The IPO is expected to be the largest in Indonesia in over a year, indicating strong market interest. The company plans to offer 2.5 billion shares, with existing shareholder Azara Alpina Sdn Bhd selling 2.3 billion of those shares. The shares are being marketed at a price range of 1,650 to 1,870 rupiah each, demonstrating a strategic approach to attract both local and international investors.