Discount Retail home improvement retailer MR DIY is set to raise approximately Rp4.15 trillion ($260.2 million) through the initial public offering (IPO) of its Indonesian unit, Daya Intiguna Yasa. The offering represents 10 percent of the company’s total shares, or 2.52 billion shares. The IPO consists of 2.27 billion shares owned by Azara Alpina Sdn Bhd and 251.9 million newly issued shares by the company. According to the prospectus published in Investor Daily on Thursday,