The Russian manufacturer of ecological detergents and cosmetics Synergetic plans to go public. The company said this will happen beyond 2024. A Vedomosti source close to the Moscow Stock Exchange admitted that the issuer will complete all necessary procedures before the end of the year.
The volume of the placement is planned, the date of the proposed IPO and the format of the transaction are not disclosed. Manufacturers of household chemicals are not represented on the Russian stock market.
According to estimates by Finam analyst Leonid Delitsyn, taking into account industry multipliers and an assessment of the company’s performance, Synergetic’s capitalization could amount to approximately 28 billion rubles.
Now debutants are placing about 10% of the company on the stock exchange, so the likely volume of the IPO is up to 3 billion rubles, he suggested. According to BCS, the value of the company is several times less – 12 billion rubles, said Anna Kokoreva, an expert on the broker’s stock market.
In spring 2023, Synergetic purchased 49% of the 4fresh natural food and cosmetics market. So the manufacturer decided to increase the audience and markets for its products.
In October of the same year, the company launched a line of facial care products. This has become a new direction for the company. Synergetic invested more than 400 million rubles in the launch of the new production.
Author:
Karina Pardaeva
Source: RB
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