The IPO is scheduled to end on October 29 and then Cris-Tim will start trading under CFH.
The offering is divided between retail investors (15%) and institutional investors (85%) and values the company at up to RON1.42 billion. The price ranges between RON16.5 to RON17.5 per share, which corresponds to a P/E ratio of 15.2 to 16.2 applied to the 2024 net profit of RON87.6 million.
Retail investors may subscribe at a fixed price of RON17.5 but get a 5% discount on the final IPO price if they do it in the first four business days, until October 22 inclusively.
The IPO includes sale of existing shares, and a capital increase component. In all, Cris-Tim will sell 27 million shares, 6.2 million of which newly issued.
(English version by Loredana Frastila-Cristescu)