Gourmet Egypt.Com Foods, a leading premium grocery retailer in Egypt, has officially announced the indicative offer price range for its Initial Public Offering (IPO) on the Egyptian Exchange (EGX). The move signals a significant milestone for the company as it opens subscriptions for both institutional and public investors, aiming for a market capitalization between EGP 2.48 billion and EGP 2.76 billion.
IPO Details and Timeline
The indicative offer price for the IPO has been set between EGP 6.20 and EGP 6.90 per share. The offering comprises up to 190,516,824 ordinary shares, representing approximately 47.6% of the company’s total issued shares. The total size of the offering is expected to be between EGP 1.18 billion and EGP 1.32 billion.
The offering is divided into two tranches: a private tranche for qualified institutional investors and high-net-worth individuals, and a public tranche for retail investors in Egypt. The subscription period for both tranches commenced on January 25, 2026. The private tranche subscription is expected to close on January 29, 2026, while the public tranche will close on February 04, 2026.
The final offer price is anticipated to be announced on February 1, 2026, following the completion of the book-building process. Trading of the company’s shares on the EGX, under the ticker symbol GOUR.CA, is expected to begin on or around February 9, 2026.
A Word From The Chairman
Michael Wright, the Chairman of Gourmet, commented on the milestone, stating, “Today represents a pivotal moment as we open subscriptions for the Gourmet IPO. Our offering provides a distinctive opportunity for potential investors to engage in the growth of a leading premium grocery retailer in Egypt. As we continue to expand our operations, enhance our product offerings, and grow our digital and delivery services, we remain confident in our ability to drive sustainable growth and value for our shareholders.”
He added, “The offer price range reflects our commitment to delivering long-term value while aiming to support post-listing performance, and we look forward to this exciting journey.”
Shareholder and Market Confidence
The shares are being sold by existing shareholders, including B Investments Holding S.A.E and the company’s founders. Notably, B Investments will retain a 40% stake in Gourmet post-offering,
demonstrating continued confidence in the business’s future growth trajectory. Furthermore, a significant portion of the shares held by the selling shareholders will be subject to a 24-month regulatory lock-up period. EFG Hermes Promoting & Underwriting is acting as the sole global coordinator and bookrunner for the offering.
About Gourmet
Founded in 2006 by the Abu Ghazaleh family, Gourmet has grown into Egypt’s leading premium food retail platform. The company vertically integrated its operations in 2015 with the launch of Gourmet Food Solutions (GFS), a wholly-owned manufacturing subsidiary. GFS produces a wide range of exclusive “Produced by Gourmet” private label products, including ready-made meals, bakery items, and processed meats, which helps reduce import dependence and enhance profit margins.
Gourmet operates 21 strategically located stores across Greater Cairo, Alexandria, El Gouna, and seasonal outlets in the North Coast, targeting affluent and quality-conscious consumers. The company was an early adopter of e-commerce and now generates approximately 35% of its sales through its delivery platforms. For the nine months ending in September 2025, Gourmet reported a consolidated revenue of EGP 2,085 million, marking a 39.6% growth compared to the same period in the previous year.
Source: Zawya
