Gourmet Egypt Prices IPO at Top of Range; Private Tranche 12.22x Oversubscribed
Gourmet Egypt.Com Foods S.A.E. (“Gourmet” or the “Company”), a leading premium grocery retailer in Egypt, announced the successful completion of its bookbuilding process and the pricing of its initial public offering (IPO) at EGP 6.90 per share, representing the top end of the previously announced price range
Gourmet’s shares were listed on the Egyptian Exchange (EGX) on 21 January 2026 under the ticker symbol GOUR.CA. The offering witnessed strong investor demand, with the private tranche oversubscribed by 12.22 times, underscoring robust confidence in the Company’s growth prospects and business model. Based on the final offer price, Gourmet’s market capitalization stands at approximately EGP 2.76 billion
The IPO comprises a combined offering of a private tranche, available to qualified institutional investors and high net-worth individuals in Egypt, and a public tranche open to retail investors. The total offering includes up to 152.4 million shares allocated to the private tranche and 38.1 million shares offered through the public tranche
The selling shareholders include B Investments Holding S.A.E., Basem Abu-Gazaleh, Jalal Abu-Gazaleh, Deema Abu-Gazaleh and Amgad Sultan
Subscription for the public tranche is scheduled to close on 4 February 2026, with trading on the EGX expected to commence on or around 9 February 2026, subject to the completion of settlement procedures, regulatory approvals and customary conditions
Commenting on the offering, Michael Wright, Chairman of Gourmet, said
“We are pleased with the strong demand for Gourmet’s IPO, which reflects investors’ confidence in our business, our market positioning and our long-term growth strategy. We welcome our new shareholders and look forward to delivering sustained value as we continue to expand
EFG Hermes Promoting & Underwriting acted as the sole global coordinator and bookrunner for the IPO, while MHR & Partners, in association with White & Case, served as local legal counsel to the Company
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