Astra Group announced preliminary parameters for the IPO and began collecting applications
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Astra Group announced the price range for the IPO of ordinary shares, the placement of which will take place on the Moscow Exchange, follows from the company’s message. The indicative IPO price range is set at RUB 300. up to 333 rub. per share, which corresponds to the company’s market capitalization in the range of RUB 63.0 billion. up to 69.9 billion rubles.
As part of the IPO, up to 10.5 million shares will be offered, corresponding to 5% of the number issued and outstanding by existing shareholders. of which about 10% can be used to stabilize the share price in secondary trading for up to 30 days after the start of trading. The IPO price will be set by the selling shareholders following the end of the application collection period, which will begin on October 5 and end on October 12.
It is expected that the start of trading in Shares under the ticker ASTR will begin on October 13 after the announcement of the IPO price and the final inclusion of shares in the second quotation list of securities admitted to trading on the Moscow Exchange. Company announced about the intention to conduct an IPO in early October.
According to Kartoteka.ru, 15% of Astra Group belongs to its CEO Ilya Sivtsev, 5% to Svetlana Novoseltseva, the remaining co-owners are hidden. Until July 2022, Ilya Sivtsov owned 20% of the parent company of the group, Rusbitech-Astra LLC, 80% belonged to Denis Frolov. The partners also owned the lighting equipment manufacturer Varton Group of Companies, which had previously purchased a controlling stake in Baikal Electronics JSC.
RBC reported about Astra Group’s intention to hold an IPO in September. The publication specified that investors would be offered a “small package.” At the end of 2022, Astra’s revenue increased 2.5 times, to 5.4 billion rubles, net profit – 2.8 times, to 3 billion rubles. EBITDA increased 2.7 times, to RUB 2.9 billion.
About the projects of the Astra Group – in the material of Kommersant “Caution, codes are being revealed”.
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