Kaluga Kristall Alcohol Group (parent company KLVZ Kristall) announced that as part of the initial public offering (IPO) it will offer investors to buy 125 million shares in the price range of 8 to 9.5 rubles per share (each commercial lot will have 100 shares each).
The auction will be held on the Moscow Stock Exchange and the final bid price will be announced after the closing of the order book, which will open on February 12, Vedomosti reports. Kristall expects the order book to close on February 22.
In total, with the placement of 125 million shares, the alcoholic beverages group plans to attract 1 billion rubles, then the company’s market capitalization will range from 7.4 billion to 8.6 billion rubles.
Kristall announced plans to hold an initial public offering in 2023. The Moscow Stock Exchange admitted the shares to trading on February 26 as part of an additional issue with registration number 1-01-05421-G under the ticker KLVZ ( “third level” of the list of values).
The company may use a supply stabilization mechanism of no more than 15% for a period of at least 30 days after admission to the MOEX.
The funds raised will be used to expand production, develop logistics and other measures to scale and grow the business.
“According to financial forecasts, Crystal Alcohol Group plans to increase its revenue five times in the period 2024-2026 compared to 2023 (or up to 18.3 billion rubles) and EBITDA 10 times,” said the owner of the corporation Pavel Pobedkin.
Author:
Ekaterina Alipova
Source: RB
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