The offering runs between February 7 and March 20, 2018 at RON0.37 per share.
Boromir has selected SSIF SWISS CAPITAL to broker its offering.
Company shares were trading at RON0.36 on the Bucharest Stock Exchange Friday, up 9%.
Boromir is the fourth largest company in the industry by 2016 turnover after Vel Pitar, Sam Mills, and Goodmills.
It had a turnover of RON231 million lei in 2016 and a net profit of RON9.6 million.