(News Bulletin 247) – The specialist in natural ingredients announces the success of its IPO and has raised 7 million euros, the maximum amount envisaged for this operation. Vinpai will make its first steps on Euronext Growth next Wednesday.

Vinpai’s patience was rewarded. The specialist in natural ingredients for the food and cosmetics industry announced the success of its IPO on Thursday evening.

At the beginning of June 2022, the company based in Saint-Dolay in Morbihan already wanted to go public. It had not acted on it in the weeks that followed and had then changed its mind in the face of market conditions which had deteriorated considerably.

The second attempt was therefore the right one. The group raised a total of 7 million euros, ie the maximum amount envisaged for this operation. The company exercised both its extension clause and its over-allotment option. This amount includes 2.4 million euros by offsetting receivables.

In this context, 1.07 million new shares will be issued. In detail, the request related to 908,596 securities on the side of institutional investors under the global placement.

A resounding success with individuals

The company is particularly pleased with the “strong” success of the operation with individuals with a request for more than 1 million euros. On the side of small shareholders, the demand indeed represented 160,105 shares, or 1.05 million euros under the offer at a firm price fixed at the announcement of the operation at 6.55 euros.

Following the operation, Vinpai’s capital is made up of 3,361,415 shares, which represents a market capitalization of around 22 million euros. Settlement-delivery of the shares is scheduled for Tuesday July 18 with the start of trading the next day, Wednesday July 19.

More natural on the plate

Founded in 2011, Vinpai – for Verbeïa (Celtic goddess of growth) ingredients Intermediate food product (PAI) – is a company that designs, manufactures and markets for food industry professionals, the bases for everyday consumer products, composed of algae, plants, minerals or fiber plants. The company intends to hold its own as consumers pay more and more attention to the quality of the food they eat or the cosmetic products they put on their skin.

Vinpai hopes to achieve a turnover close to 16 million euros in 2025 and to achieve at the same time an EBITDA margin (gross operating surplus) of more than 10% by this deadline, “driven by consumer trends strong and lasting and clear strategic axes to accelerate its commercial conquest.”

The Breton specialist in natural ingredients will therefore join Osmosun, which is giving complete satisfaction for its first week as a listed company. The title of the specialist in seawater desalination shows gains of 87% compared to an introductory price set at 6.50 euros.