Cairo - Mubasher: Gourmet Egypt for Food Products, a subsidiary of B Investments Holding, has set its initial public offering (IPO) at EGP 6.90 per share, implying a market cap of EGP 2.76 billion.
Meanwhile, the private tranche was 12.22 times oversubscribed, highlighting strong investor demand, according to a press release.
Gourmet’s shares were listed on the Egyptian Exchange (EGX) on 21 January 2026 under the ticker GOUR.CA.
The IPO includes a private tranche of 152.41 million shares for institutional and high-net-worth investors in Egypt and a public tranche of 38.10 million shares.
The subscription for the public tranche is set to close on 4 February 2026. Meanwhile, the trading on the EGX is expected to commence on or around 9 February, subject to regulatory approvals and certain customary conditions associated with the IPO.
Michael Wright, the Chairman of Gourmet Egypt, said: “We are pleased with the positive demand for Gourmet’s IPO, which is an indication of investors’ confidence in our business and our future growth.”
“This level of demand reflects Gourmet’s solid market position, its commitment to quality, and its ability to meet the needs of premium, quality-conscious consumers,” the Chairman added.
EFG Hermes Promoting & Underwriting acted as the sole global coordinator and bookrunner for the offering, while MHR & Partners, in association with White & Case, served as local legal counsel.
In January 2026, Gourmet Egypt set the price range for its IPO on the EGX between EGP 6.20 and EGP 6.90 per share.
