Gourmet Egypt.Com Foods, operating under the brand name Gourmet Egypt, has officially announced key details related to its initial public offering on the Egyptian Exchange. The Company, a leading premium grocery retailer in Egypt, disclosed the indicative offer price range and confirmed the commencement of the subscription period for its IPO, marking a significant milestone in its growth strategy.
The offering will consist of up to approximately 47.6% of the Company’s existing ordinary shares through a full secondary sale by the current shareholders. The IPO is expected to enhance Gourmet’s market visibility, broaden its investor base, and support its long-term expansion plans across physical retail and digital channels.
Structure of the Combined Offering
The IPO will be conducted through a combined offering structure, comprising two distinct tranches designed to cater to different investor categories within the Egyptian market.
The private tranche will be available to qualified institutional investors and high net-worth individuals in Egypt. This tranche will account for up to 152,413,459 shares. The book-building process for the private tranche began on Sunday, January 25, 2026, and is expected to close on Thursday, January 29, 2026.
The public tranche will be open for public subscription in Egypt and will include up to 38,103,365 shares. Subscription for the public tranche also commenced on Sunday, January 25, 2026, and is scheduled to close on Wednesday, February 4, 2026.
Together, both tranches represent the combined offering under the IPO framework.
Indicative Pricing and Offering Size
The indicative offer price range has been set between EGP 6.20 and EGP 6.90 per share. Based on this range, the total size of the offering is expected to fall between EGP 1.18 billion and EGP 1.32 billion.
At the midpoint of the indicative price range, Gourmet Egypt is expected to list with a market capitalization ranging from approximately EGP 2.48 billion to EGP 2.76 billion. The final offer price will be determined through the book-building process and is expected to be announced on Sunday, February 1, 2026.
Selling Shareholders and Share Allocation
A total of 190,516,824 ordinary shares will be offered for sale in the IPO. These shares are being sold entirely by the existing shareholders through a full secondary sale, with no new shares being issued by the Company.
The selling shareholders include B Investments Holding S.A.E., Basem Abu Ghazaleh, Jalal Abu Ghazaleh, Deema Abu Ghazaleh, and Amgad Sultan. Collectively, these shareholders are offering approximately 47.6% of the Company’s total issued share capital.
Despite the sale, B Investments will remain a significant shareholder, retaining a 40% stake in Gourmet Egypt at the commencement of trading. This continued ownership is intended to demonstrate long-term confidence in the Company’s strategy and future performance.
Trading Timeline and Listing Details
Gourmet Egypt’s shares were officially listed on the Egyptian Exchange on Wednesday, January 21, 2026, under the trading symbol GOUR.CA. Trading of the shares is expected to commence on or around Monday, February 9, 2026, subject to the completion of the book-building process, settlement procedures, regulatory approvals, and other customary conditions.
The anticipated timeline positions Gourmet Egypt as one of the notable listings on the EGX in early 2026, reflecting renewed activity in Egypt’s capital markets.
Management Perspective on the IPO
Commenting on the launch of the subscription period, Michael Wright, Chairman of Gourmet Egypt, described the IPO as a pivotal moment for the Company. He highlighted that the offering provides investors with an opportunity to participate in the growth of a leading premium grocery retailer in Egypt.
According to Wright, Gourmet Egypt remains focused on expanding its retail footprint, enhancing product offerings, and scaling its digital and delivery services. He emphasized management’s confidence in the Company’s ability to deliver sustainable growth and long-term shareholder value, noting that the indicative price range reflects a balanced approach aimed at supporting post-listing performance.
Lock-Up Arrangements and Post-Listing Outlook
As part of the offering structure, approximately 44.3% of the shares held by the selling shareholders will be subject to a regulatory lock-up period of 24 months. Any additional shares not subject to the regulatory lock-up that remain unsold will be subject to a six-month commercial lock-up.
These arrangements are designed to support market stability following the commencement of trading. With a strong shareholder base, an established brand, and a clear growth strategy extending through 2026 and beyond, Gourmet Egypt enters the public market positioned to play a prominent role in Egypt’s evolving retail and consumer goods sector.
