Business Forum • 16 October, 2025 at 1:01 PM
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.