The company is now public after it has raised nearly BGN 81.4 million from the sale of shares
On 18 and 19 June 2018, the initial public offering of shares on the Bulgarian Stock Exchange took place, in which Gradus managed to raise over BGN 80 mln. Thus the company was transformed into a public one.
In the trading, the most active participation was taken by the pension funds, but among the new shareholders there are also about 1000 individual investors. Altogether, more than 1400 transactions were concluded for the purchase of shares. The share price was BGN 1.80.
It turned out that the industry sector where Gradus is operating, which provides food for the population, is extremely attractive to big investors. And the smaller ones motivated their choice with the impact of the convincing advertising campaign that Gradus carried out. The diverse mix of diversified investors provides a freely tradable volume of shares of about 18%, which is something that guarantees liquidity to investors.
The funds raised by the IPO will be invested in expanding Gradus key units of the production and distribution of finished products as well as in the development of new products with which the company will enter new market segments. Among the main projects in which Gradus will invest the funds and most of its efforts will be: increase in the capacity of breeding eggs with an investment of BGN 20 million; increasing product range of I eat! brand - an investment of BGN 6.7 million; introduction of new chicken products on the market - investment of new BGN 4.5 million; an investment of BGN 5.8 million in the HoReCa segment and an increase in the company's transport fleet - by BGN 1.6 mln.
"The public status brings many benefits in our relations with our partners and clients", stated Angel Angelov before Capital newspaper.