According to the press service representative
Posted: Thu Jan 23, 2025 4:20 am
"It is expected that following the IPO, the group's free float will be around 5%. The current shareholder structure is: Denis Frolov - 80%, Ilya Sivtsev - 20%. Current shareholders will offer equal shares based on this proportion. After the IPO, they will retain a dominant share in the company's share capital. It is planned to brazil whatsapp resource place 10.5 million shares (5% of 210 million). Their price will be determined during the collection of the order book," the press service of the Astra Group told a ComNews correspondent.
, the group has no plans to enter foreign stock exchanges, nor to reorganize the company: PAO Astra Group plans to enter the IPO. At the same time, the press service added that the company has formed a board of directors and established an audit committee - it is headed by an independent director, and an internal audit service has been created and is functioning.
Ilya Sivtsev, CEO of Astra Group, noted that five years ago the company adopted a new strategy, which involved a transition from developing a single product to creating a comprehensive software platform for infrastructure software products with a developed portfolio of services.
"The IPO will provide additional opportunities for further M&A acquisitions, will confirm the stability and sustainability of the group's business for our customers, and will also allow investors to pay even greater attention to the Russian IT market, which has growth potential," said Ilya Sivtsev.
According to the Astra Group, the company is the leader in the Russian market of developers of infrastructure software (SW), including operating systems, with a market share of 22.8% in monetary terms based on the results of 2022.
According to the group's financial statements, in 2022 its revenue reached RUB 5.4 billion, increasing 2.5 times compared to 2021, net profit increased to RUB 3.1 billion in 2022 from RUB 1.1 billion in 2021, and net profit margin increased from 50% in 2021 to 57% in 2022. According to the company's open data, as of June 30, 2023, the group's net cash position was about RUB 0.5 billion.
According to the industry report of JSC SPG (a Russian consulting company, part of the Sber ecosystem, Strategy Partners), the Russian infrastructure software market will demonstrate growth in the long term: the Russian infrastructure software market will reach 270 billion rubles in 2030, demonstrating an average annual growth rate of 17%.
Strategy Partners analysts explain that due to the simultaneous departure or suspension of operations on the Russian market by key foreign IT manufacturers, the domestic infrastructure software market has moved to accelerated import substitution, which has created an unprecedented growth opportunity for Russian developers.
Artem Tuzov, Director of the Corporate Finance Department at IVA Partners, noted that the Russian stock market is popular in the CIS, so foreign investors will definitely take part in the IPO of the Astra Group.
"As for international institutional investors, they are usually not interested in shares with a free float of 5%. There is a shortage of IT companies on the Moscow Exchange that Russian investors could invest in. Astra Group has excellent indicators. There is a high probability that the IPO will be successful," added Artem Tuzov.
According to FG Finam analyst Alexey Kurasov, the entry of Astra Group to the Moscow Exchange cannot be called a full-fledged IPO - it is a technical listing and cashout of a small share of shareholders. He believes that, on the contrary, the listing will not be in demand due to the very small volume. "5% is too little to attract not only foreign but also institutional local investors. The goal is clear - to attract individuals to buy at secondary trading," said Alexey Kurasov.
, the group has no plans to enter foreign stock exchanges, nor to reorganize the company: PAO Astra Group plans to enter the IPO. At the same time, the press service added that the company has formed a board of directors and established an audit committee - it is headed by an independent director, and an internal audit service has been created and is functioning.
Ilya Sivtsev, CEO of Astra Group, noted that five years ago the company adopted a new strategy, which involved a transition from developing a single product to creating a comprehensive software platform for infrastructure software products with a developed portfolio of services.
"The IPO will provide additional opportunities for further M&A acquisitions, will confirm the stability and sustainability of the group's business for our customers, and will also allow investors to pay even greater attention to the Russian IT market, which has growth potential," said Ilya Sivtsev.
According to the Astra Group, the company is the leader in the Russian market of developers of infrastructure software (SW), including operating systems, with a market share of 22.8% in monetary terms based on the results of 2022.
According to the group's financial statements, in 2022 its revenue reached RUB 5.4 billion, increasing 2.5 times compared to 2021, net profit increased to RUB 3.1 billion in 2022 from RUB 1.1 billion in 2021, and net profit margin increased from 50% in 2021 to 57% in 2022. According to the company's open data, as of June 30, 2023, the group's net cash position was about RUB 0.5 billion.
According to the industry report of JSC SPG (a Russian consulting company, part of the Sber ecosystem, Strategy Partners), the Russian infrastructure software market will demonstrate growth in the long term: the Russian infrastructure software market will reach 270 billion rubles in 2030, demonstrating an average annual growth rate of 17%.
Strategy Partners analysts explain that due to the simultaneous departure or suspension of operations on the Russian market by key foreign IT manufacturers, the domestic infrastructure software market has moved to accelerated import substitution, which has created an unprecedented growth opportunity for Russian developers.
Artem Tuzov, Director of the Corporate Finance Department at IVA Partners, noted that the Russian stock market is popular in the CIS, so foreign investors will definitely take part in the IPO of the Astra Group.
"As for international institutional investors, they are usually not interested in shares with a free float of 5%. There is a shortage of IT companies on the Moscow Exchange that Russian investors could invest in. Astra Group has excellent indicators. There is a high probability that the IPO will be successful," added Artem Tuzov.
According to FG Finam analyst Alexey Kurasov, the entry of Astra Group to the Moscow Exchange cannot be called a full-fledged IPO - it is a technical listing and cashout of a small share of shareholders. He believes that, on the contrary, the listing will not be in demand due to the very small volume. "5% is too little to attract not only foreign but also institutional local investors. The goal is clear - to attract individuals to buy at secondary trading," said Alexey Kurasov.