(Boursier.com) — OKwind Group, a specialist in self-consumption of renewable energy, launches its IPO on Euronext Growth. It takes the form of a capital increase in the amount of €20 million, which may be increased to approximately €23 million in the event of the full exercise of the Over-allotment Option.
A sale of existing shares is also planned for a maximum amount of around 3 million euros in the event of full exercise of the Extension Clause. The operation benefits from subscription commitments for an amount of more than 11 million euros representing 59% of the gross amount of the offer.
The indicative range of the offer price is between 10.81 euros and 12.35 euros per share. The subscription period, which opens on June 21, runs until July 4.
OKwind Group offers solutions to professionals (farms, local authorities and manufacturers) as well as individuals, via its subsidiary Lumioo, allowing them to optimize their production and consumption of renewable energy thanks to the combination of two know-how complementary: “the generation of renewable energy, thanks to connected and efficient photovoltaic trackers. The energy management offer which ensures optimized energy production and consumption.”
In 2021, OKwind Group achieved a consolidated turnover of 25.2 ME and a consolidated EBITDA rate of 9.7%. Thanks to a differentiating positioning and technological leadership, the Company has posted an average annual growth rate of around 75% since 2015, the date on which it achieved operating profitability.
OKwind Group aims to achieve, in 2022, a turnover of 35 ME and a consolidated EBITDA rate of approximately 10%. In 2026, a turnover of 175 ME and a consolidated EBITDA rate of around 20%.
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