• ​​Gourmet Egypt debuts on EGX at EGP 6.9, raising nearly EGP 1.3B after strong institutional and retail demand.
• IPO priced at the top end, with the public tranche covered 55.8 times and private investors oversubscribing the offering 12.2 times.
• The listing values the premium grocery retailer at EGP 2.76B, supporting expansion across stores, manufacturing, and growing delivery operations nationwide.

Gourmet

Gourmet is officially live on the Egyptian Exchange.

The premium grocery retailer has officially entered the public market, with its shares starting trading today on the Egyptian Exchange (EGX) under the ticker GOUR.CA.

It priced its initial public offering at EGP 6.9 per share, the top end of its announced range. The offering intends to raise nearly EGP 1.3 billion from selling 47.6% of its share capital, making it the first IPO on the Egyptian market in 2026.

IPO

The IPO was structured in two tranches. The private tranche included around 152.4 million shares allocated to qualified institutional investors and high-net-worth individuals. Furthermore, the private tranche was 12.22 times oversubscribed and closed on the 4th of February 2026.

 The public tranche offers approximately 38.1 million shares for public subscription in Egypt.  The combined offering will consist of up to 152,413,459 shares for the private tranche and a further 38,103,365 shares in the public tranche. Together, the two tranches brought the total offering to more than 190.5 million shares.

EFG Hermes Promoting & Underwriting acted as the sole global coordinator and bookrunner for the offering. Meanwhile, MHR & Partners, in association with White & Case, acted as local counsel to the Company in connection with the offering.

 At the offer price of EGP 6.9 per share, it debuted with a market capitalization of approximately EGP 2.76 billion.

The selling shareholders are B Investments Holding S.A.E. (B Investments), Basem Abu-Gazaleh, Jalal Abu-Gazaleh, Deema Abu-Gazaleh, and Amgad Sultan.

According to its pre-listing disclosures, the premium grocery retailer generated EGP 2.1 billion in consolidated revenue in 2024. The company reported EGP 2.085 billion in revenue for the first nine months of 2025, representing 39.6% growth compared with the same period in 2024.

Profitability remained stable during the period. Adjusted EBITDA reached EGP 293 million in 2024 and EGP 281 million for the first nine months of 2025. Net profit stood at EGP 135 million in both 2024 and the nine months ending September 2025.

Gourmet’s listing marks the next step in its evolution from a niche delivery service into a vertically integrated premium retailer. Over time, the company expanded its store network, built in-house production, and strengthened its delivery and e-commerce channels.