The offering generated significant demand from both retail and institutional investors, with the retail tranche registering a record oversubscription of 42 times before reallocation. After reallocating 5% of shares from the institutional tranche, the retail oversubscription stood at 32-times.
The final offering price was set at RON 16.5 per share, implying an anticipated stock market capitalisation of RON 1.33 billion (around €262 million). The total offering comprised almost 28 million shares, representing 34.48% of the total issued share capital, which will be the company's free float.
Radu Timiş Jr., CEO of Cris-Tim Family Holding, said the IPO consolidates the company as a benchmark in the food industry and a pole of excellence for the entire South-Eastern European region
Cris-Tim Family Holding intends to use a significant proportion of the funds raised to support its investment plans. The company is pursuing an ambitious RON 890 million investment plan (€175.3 million) through 2030, aimed at consolidating its position and potentially diversifying its product portfolio through mergers and acquisitions.
The company is scheduled to debut on the Bucharest Stock Exchange (BVB), Premium category, under the stock ticker CFH, in late November.
