(News Bulletin 247) – The company specializing in desalination solutions powered by solar energy is launching its IPO on Wednesday. Osmosun aims to increase its size tenfold over the next five years.

Like OKwind last year, the coincidence of the calendar means that Osmosun opens this June 21, summer day, the possibility for the general public and institutions to participate in its IPO, launched this Wednesday morning on Euronext Growth. The company has a special relationship with the star since it specializes in low-carbon water desalination using solar energy.

Open until July 5, the operation aims to raise approximately 8 million euros in new money (the amount of the offer can be increased to 10.6 million euros depending on the possibility of extension) from individual and institutional investors. Osmosun shares are thus offered in a price range between 5.10 euros and 6.90 euros until July 4, 2022 in the evening for individuals, institutions can participate in this fundraising until July 5 at 12:00 p.m. .

The company has already received subscription commitments for an amount of 3.5 million euros – including 2.7 million euros by set-off of receivables – representing 43.1% of the gross amount sought. The company is counting on the stock market to become a benchmark player in water treatment with a privileged position in energy-efficient solutions.

An economical and ecological drinking water production solution

Founded in 2014, the Osmosun company indeed offers to rid sea or brackish water of salt and other impurities by reverse osmosis. This technology used by most desalination plants in the world consists of filtering the water by pressure, retaining the impurities to allow only the water molecules to pass.

The French company has improved this reverse osmosis process, with the addition of a photovoltaic solar power supply system. The device developed by Osmosun does not require batteries, which are generally used to store electricity when the sun fails in overcast weather or when night falls. This is a real technological feat for Osmosun, which is the only company in the world to master this patented innovation allowing the units to manage the random variation of the energy available.

The company thus provides water treatment and desalination solutions for a wide range of customers or applications such as municipalities, farms, or during emergency situations.

A growing market

Osmosun aims to occupy a major place in a desalination market which remains dominated by projects of less than 50,000 cubic meters per day. This segment is valued at 1.9 billion euros and should reach 3.4 billion euros by 2027, i.e. an annual growth of 12.3%, with a growing share of “low carbon” solutions, explains Osmosun .

As part of its IPO project, Osmosun intends to expand its commercial presence in priority geographical areas while ensuring the financing of the ramp-up of large-capacity desalination projects.

“The IPO will allow us to support our growth by increasing our commercial and operational presence internationally in order to capitalize on our technological lead and seize all the opportunities available to us in our markets”, declares the CEO. of the Quentin Ragetly group.

“We have the ambition to multiply our size by 10 over the next 5 years, while regularly improving our profitability”, continues the manager. The Osmosun group hopes to increase its turnover to more than 20 million euros in 2025 and to 48 million euros by 2027. Last year, the group saw its sales stand at 4, 6 million euros. The company also aims to improve its profitability over the period and raise its adjusted EBITDA (gross operating income) margin from 4.3% in 2022 to more than 10% in 2025 to reach more than 20%. in 2027.

The company is seeing market interest in its solutions, with demand “continuing to accelerate” amid high pressures on water resources. The OECD estimates that nearly 4 billion people could run out of water by 2050. In this context of water scarcity and risk of water shortage, desalination is becoming a preferred solution and abundant since nearly 70% of the planet is covered with salt water.