The IPO generated strong investor demand, with retail investors oversubscribing 42 times initially and 32 times after a 5% reallocation from institutional investors. More than 8,000 retail investors participated alongside institutional investors including the EBRD. Following the offering, Cris-Tim received €78.1 million in capital infusion to finance investment plans for 2025-2030.
"Cris-Tim Family Holding's entry onto our market is a victory for a family-owned company and for the capital market," said Remus Vulpescu, CEO of the BVB. The listing marks a turning point for the Romanian capital market by welcoming companies from sectors beyond traditional energy and finance.
Founders Radu and Cristina Timiș retain 65.49% ownership through Rangeglow Limited, while the company's free float stands at 34.48%. Market capitalisation at the IPO price of RON 16.5 per share amounts to €261.3 million. "The stock exchange listing has always been an aspiration, and today this objective has become reality," said CEO Radu Timiș Jr.
Founded in 1992, Cris-Tim operates three factories with combined capacity of 215 tons per day and holds leading positions in Romania's cold cuts and ready-meals markets. The company plans investments worth €175 million through 2030 and exports to 17 European countries.
The shares were trading at RON 17.4 during the afternoon on the BVB.
