CIC Market Solutions was listing sponsor, lead manager, and sole bookrunner for ENOGIA on its IPO on Euronext Growth® in Paris. L’Agence ComFi by CIC Market Solutions acted as financial communication advisor on the transaction.

An expert in micro-turbomachinery to support energy transition, ENOGIA (code ISIN : FR0014004974 - mnemonic: ALENO) offers innovative solutions in heat-to-electricity conversion systems (ORC) and air compressors for hydrogen fuel cells.

In an adverse market context, the company raised €11.1m with overall demand of €12.9m, i.e. an oversubscription rate of 117%. The offering was a great success with institutional and retail investors.

Based on the offer price of €11.60 per share, the market capitalisation came out at almost €45m. After this transaction, ENOGIA's share capital is made up of 3,858,932 shares and the free float represents 20.7% of the company's capital.

Under the over-allotment option, a maximum number of 143,104 shares, corresponding to a maximum gross amount of €1.7m, could be issued. If the over-allotment option is exercised in full, the total amount of the transaction would therefore increase to €12.7m.

CIC Market Solutions would like to thank ENOGIA for its trust. Our teams regularly work alongside companies to bring their financing projects to fruition.