Gourmet Egypt.Com Foods S.A.E. (“Gourmet” or “the Company”), a leading premium grocery retailer in Egypt, announced the successful completion of the bookbuilding process for its initial public offering (IPO) on the Egyptian Exchange (EGX), with the final offer price set at EGP 6.90 per share, the top end of the previously announced price range.
At this price, Gourmet’s market capitalization stands at approximately EGP 2.76 billion. The private tranche of the offering witnessed strong investor demand and was 12.22 times oversubscribed.
The IPO comprises two tranches:
A private tranche offered to qualified institutional investors and high-net-worth individuals in Egypt
A public tranche available for retail investors
The combined offering includes up to 152.4 million shares in the private tranche and 38.1 million shares in the public tranche.
Subscription for the public tranche will close on 4 February 2026, while trading of Gourmet’s shares on the EGX is expected to commence on or around 9 February 2026, subject to regulatory approvals and completion of standard settlement procedures.
Michael Wright, Chairman of Gourmet, said the strong demand for the IPO reflects investor confidence in the company’s brand strength, premium market positioning, and growth strategy, adding that the company looks forward to its next phase of expansion alongside its new shareholders.
EFG Hermes Promoting & Underwriting acted as the sole global coordinator and bookrunner for the offering. MHR & Partners, in association with White & Case, served as local legal counsel to the Company.
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