Obuv Rossii announces IPO stock price
Obuv Rossii Group of Companies announced the initial public offer price of ordinary shares, the offer price is set at 140 rubles per share.
The company places an additional issue of 42 396 000 shares with par value of 100 rub. As part of the option for additional floatation, shares may be sold even before 4 239 600 shares owned by the founder and CEO of the company Anton Titov.
The total supply is approximately 6,2 billion rubles. in the case of the full exercise of the option of additional placement or approximately 5,9 billion rubles, not including the option of additional placement. The market capitalization of the company after the completion of the offer will be approximately 15,8 billion rubles.
The free float will be approximately 39,4% of the increased share capital if no shares are returned to the main shareholder of the company Anton Titov after the stabilization period.
The shares are admitted to trading on the Moscow Exchange, the start of trading is scheduled for today under the ticker “OBUV”.
The global coordinators and joint bookrunners of the offer are BCS Global Markets, Citigroup, Renaissance Capital and Sberbank CIB.
Sberbank CIB, acting as the stabilization manager, on behalf of the joint bookrunners (as defined below), has the right to stabilize up to 2 existing shares on the market (additional offering option) within 119 calendar days. Restrictions on the disposal of shares (lock-up) will be in effect for 800 days for the company and its current shareholders.
GC "Shoes of Russia" founded in 2003 year, in Novosibirsk. The main business areas are footwear production and sales, retail management. The group operates a network of more than 500 stores (of which 113 operate on a franchise basis) in 148 cities of Russia, where mid-price shoes are presented.
The group’s portfolio includes five major brands: Westfalika, Rossita, Emilia Estra and Lisette, as well as the Pedestrian multi-brand discounter, where 70% of the assortment is represented by the remains of the collections of the main brands. The group develops a number of brands in the shop-in-shop format, the main of which are S-tep, All.go and Snow Guard, develops online sales through its own mobile application and five online stores westfalika.ru, westfalika-home.ru, emilia-estra.ru, rossita.com and lisette.me, as well as partner Internet sites.
The group's revenue in 2016 amounted to RUB 9 million. Gross profit - 965 million rubles, gross margin was 5%. The group's net profit in 859 amounted to RUB 58,8 million.
In the first half of 2017, the revenue of Obuv Rossii Group of Companies increased by 1,6% year-on-year to RUB 4 million. EBITDA increased by 141% year-on-year to RUB 28,8 million. EBITDA margin amounted to 1%, which is 052 p.p. higher than in the first half of 25,4. Net profit increased by 5,4% year-on-year to 2016 million rubles.
Obuv Rossii Group of Companies has announced the price of the initial public offer of ordinary shares, the offer price is set at 140 rubles per ...
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