Cris-Tim publishes share price range for IPO

Business Forum
Cris-Tim Family Holding, a leader in the Romanian cold cuts and ready-meals markets, has announced its initial public offering (IPO), with a goal of listing on the Bucharest Stock Exchange (BVB).

The offering period for the up to 27 million shares runs from October 17 to October 29. The company is offering shares at a price range of RON 16.5 to RON 17.5. Retail investors can subscribe at the upper price limit of RON 17.5 and will receive a 5% discount on the final price if they subscribe during the first four business days of the offering.

The IPO will include both the sale of existing shares by the majority shareholder, Rangeglow Limited, and the issuance of newly created shares. The majority of the funds raised will be used to finance the company's development plans. 

Radu Timiş Jr., CEO of Cris-Tim, said: "Our investment and development plans will allow us to reach a new level of performance in terms of production standards, efficiency and quality, and to become a benchmark of excellence for the South-Eastern European region. At the same time, we are targeting a series of products from competitors, both locally and regionally, in order to increase our commercial footprint and access new categories of products with added value, perfectly completing the existing portfolio."

Cris-Tim has a major investment programme of RON 890 million (€175.05 million) planned for 2025-2030, with RON 768 million (€150.84 million) allocated to the cold cuts segment and RON 121 million (€23.76 million) for the ready-meals segment.

The company's free-float is expected to be a maximum of 35% of the share capital upon successful completion of the IPO. Cris-Tim has two main business segments: cold cuts, which accounted for 86% of its revenue in 2024, and ready-meals, which contributed 9.4%. 

In 2024, the company's revenue from customer contracts was RON 1.12 billion (€219.9 million), with an EBITDA of RON 166.8 million (€32.7 million) and a net profit of RON 84.7 million (€16.6 million). 

The company reported continued growth in H1 2025, with a net profit of RON 47.5 million (€9.3 million), a 29.1% increase compared to the same period in 2024.

RECOMMENDED
Cris-Tim raises almost €90 million from IPO
Industry

Cris-Tim raises almost €90 million from IPO

Cris-Tim Family Holding, the Romanian cold cuts and ready-meals producer, successfully completed its initial public offering (IPO), raising RON 454.35 million (€89.5 million).

Cris-Tim Family Holding plans IPO on BVB
Finance

Cris-Tim Family Holding plans IPO on BVB

Cris-Tim Family Holding, the Romanian food maker specialized in cold cuts and ready-meals, has announced its intention to launch an Initial Public Offering (IPO).

RECOMMENDED FROM THE HOME PAGE
Economy

Romania's budget deficit drops to 5.72% on 10 months

Romania's consolidated general budget recorded a deficit of €21.8 billion (RON 108.87 billion) in the first ten months of 2025, representing 5.72% of GDP. This marks a decrease of €110 million compared to the same period in 2024, when the deficit stood at 6.22% of GDP.  

Agriculture

Agroland opens two new stores with €350,000 investment

Romanian entrepreneurial group Agroland, active in retail, agribusiness, food production and animal nutrition, continues its expansion strategy by opening two new stores in Mega format in Odorheiu Secuiesc and Orăștie. With these openings, the Mega network reaches 36 units nationwide.

Energy

Over 27% of Romanians interested in buying heat pumps

Although heat pump technology for heating and cooling is increasingly present in public discussions, the actual level of knowledge and usage remains low in Romania, according to research conducted for the despre-energie.ro platform, a project by E.ON and Delgaz Grid companies.

READ MORE
Business Forum  |  27 November, 2025 at 7:13 PM
Business Forum  |  27 November, 2025 at 5:35 PM