Every IPO Coming to the EGX in 2026 — What Each Company Does, Who& 39;s Selling, and What You Need to Know Before You Subscribe Egypt& 39;s IPO pipeline is the most active in EGX history. Market officials expect 2026 to be "the most active period for initial public offerings in the exchange& 39;s history." 8+ private-sector listings planned. 4–5 SOE offerings before year-end. 10 petroleum companies entering the listing process. 30… Egypt& 39;s IPO pipeline is the most active in EGX history. Market officials expect 2026 to be "the most active period for initial public offerings in the exchange& 39;s history." 8+ private-sector listings planned. 4–5 SOE offerings before year-end. 10 petroleum companies entering the listing process. 30 temporary listings targeted. Most retail investors will see a headline, open their app, and subscribe in 60 seconds. This story exists so you don& 39;t have to do that blind. Here& 39;s every known IPO in the pipeline — what the company does, how the offering is structured, and the questions a value-driven investor should ask before subscribing. ALREADY LISTED IN 2026 Gourmet Egypt GOUR — Listed February 10 What it does: Premium food production and distribution. Packaged food for the Egyptian market. Subsidiary of B Investments Holding. Offering structure: 47.6% secondary sale by existing shareholders — B Investments, the Abu Ghazaleh family, and Amgad Sultan. No new capital raised. Private tranche 80% + public tranche 20% . Priced at top of range EGP 6.20–6.90 . Market cap at listing: EGP 2.48–2.76 billion. What happened: Private placement oversubscribed 12x. Public tranche oversubscribed 55.78x. First-day gain: 30%. Stabilization fund covered 100% of the offering for 30 days. Value-driven read: Food production = real output. Secondary sale means existing owners cashing out, not company raising growth capital. The stabilization fund protected retail subscribers — a feature not every IPO offers. Sharia-screenable hal…

Every IPO Coming to the EGX in 2026 — What Each Company Does, Who's Selling, and What You Need to Know Before You Subscribe

Egypt's IPO pipeline is the most active in EGX history. Market officials expect 2026 to be "the most active period for initial public offerings in the exchange's history." 8+ private-sector listings planned. 4–5 SOE offerings before year-end. 10 petroleum companies entering the listing process. 30…

Egypt's IPO pipeline is the most active in EGX history. Market officials expect 2026 to be "the most active period for initial public offerings in the exchange's history." 8+ private-sector listings planned. 4–5 SOE offerings before year-end. 10 petroleum companies entering the listing process. 30 temporary listings targeted. Most retail investors will see a headline, open their app, and subscribe in 60 seconds. This story exists so you don't have to do that blind. Here's every known IPO in the pipeline — what the company does, how the offering is structured, and the questions a value-driven investor should ask before subscribing. ALREADY LISTED IN 2026 Gourmet Egypt GOUR — Listed February 10 What it does: Premium food production and distribution. Packaged food for the Egyptian market. Subsidiary of B Investments Holding. Offering structure: 47.6% secondary sale by existing shareholders — B Investments, the Abu Ghazaleh family, and Amgad Sultan. No new capital raised. Private tranche 80% + public tranche 20% . Priced at top of range EGP 6.20–6.90 . Market cap at listing: EGP 2.48–2.76 billion. What happened: Private placement oversubscribed 12x. Public tranche oversubscribed 55.78x. First-day gain: 30%. Stabilization fund covered 100% of the offering for 30 days. Value-driven read: Food production = real output. Secondary sale means existing owners cashing out, not company raising growth capital. The stabilization fund protected retail subscribers — a feature not every IPO offers. Sharia-screenable halal activity; verify debt ratios post-listing . Korra Energi — Listed June 11 What it does: Energy solutions — power, agriculture, and construction infrastructure services. Active contracts EGP 15 billion. Pipeline exceeding EGP 40 billion. Offering structure: 11% stake floated. EGP 735 million raised. Founder Ayman Korra retained 89% — "My confidence in the company is why I chose not to offer 30% or 40%." Second private-sector IPO of 2026 and first since the Iran conflict began. What happened: Institutional tranche 5.7x covered. Retail tranche 31.35x oversubscribed. First-day close: +19.5% at EGP 3.55. 269.7 million shares traded generating EGP 977.9 million turnover. Value-driven read: Energy infrastructure = real output. 89% founder retention is a strong conviction signal. Small float 11% means limited supply — good for price support, harder to build a large position. Sharia-screenable productive activity; verify financing structure . IN THE PIPELINE — CONFIRMED FILINGS Egypt Education Platform EEP — Temporary listing May 13, IPO expected H2 2026 What it does: 25 education assets across Cairo, Alexandria, and Somabay. Portfolio includes Gems International Schools, Prime National Schools, Hayah Schools, Selah El Telmeez content platform, and Montessori-based preschools Trillium and Petals. EFG Hermes-backed. Sovereign Fund of Egypt among anchor investors. Planning an EGP 8 billion private university with TMG in Noor City. Recently entered Saudi Arabia. Offering structure: Up to 25% float. Capital restructured: 10-for-1 stock split par value EGP 10 → EGP 1 , plus EGP 611.9 million capital hike from retained earnings, taking issued capital to EGP 2.6 billion. Also working on a $100M+ Gulf-focused fundraising round alongside the EGX listing. Status: FRA prospectus approval pending. Six-month window from May filing — outer limit around November. Value-driven read: Education = defensive sector with structural demand population growth, rising private-school enrollment . Education sector led EGX in April with 51.7% monthly gain. SFE anchor = institutional validation. But: is this a primary raise company gets capital for expansion or secondary sell-down existing backers exiting ? That distinction changes the thesis entirely. Sharia-screenable halal activity; verify capital structure post-split . Bosta — IPO expected H2 2026 What it does: Last-mile delivery and tech-enabled logistics. Handled 37 million parcels in 2025, targeting 80 million in 2026. $5 million automated sorting centre in Cairo 11,000 parcels/hour . Partnership with SuperJet for national same-day intercity shipping up to 6 million shipments annually . Expanding into heavy transport and B2B logistics. Offering structure: 20–30% float. Offering valued at approximately EGP 8 billion $160–170 million . EFG Hermes managing. $32 million private funding round running concurrently $27 million already raised , with Fawry's CEO confirming the company will remain invested post-listing. Status: Pre-prospectus. Expected by year-end 2026. Value-driven read: Logistics infrastructure = real output. But this is a growth-stage tech company, not a dividend payer. EGP 8 billion valuation on a startup that is still raising private capital is a fundamentally different risk profile than Gourmet profitable food company or ABUK 9% dividend yield . Fawry as a strategic investor adds credibility. The question: what are the unit economics per parcel, and when does this company generate free cash flow? The prospectus must answer this. Sharia-screenable halal activity; verify VC-era debt and financing structure . SOE PIPELINE — CONFIRMED BUT NO PROSPECTUS YET 4–5 State-Owned Companies — Before year-end 2026 PM Madbouly confirmed. Names not yet disclosed for the formal offerings. Sectors expected: industrial holdings, chemicals, metallurgy, food. 4 Military-Affiliated Companies — Timeline uncertain Wataniya Petroleum, Silo Foods, ChillOut, National Company for Roads Building and Development. PM followed up on listing plans in May. Readiness status disputed — sources say none are fully prepared for public offering yet. 10 Petroleum Companies — Entering listing process June 2026 EGX Chairman Omar Radwan confirmed: "The coming period will witness the listing of new companies, including companies affiliated with the petroleum sector." Names include Petrojet just signed a $1.1 billion Algeria contract , GPC, and Enppi. These are state-owned enterprises with real revenue, real assets, and real operational history — but with governance, efficiency, and transparency questions that only the prospectus can answer. WHAT TO LOOK FOR IN EVERY PROSPECTUS When the prospectus drops for any of these, here's what a value-driven investor reads first: 1. Primary vs. secondary offering. Is the company raising new capital primary or are existing shareholders selling secondary ? Primary means growth funding. Secondary means insiders exiting. Both are legitimate — but they signal different things about where the company is in its lifecycle. 2. Use of proceeds. If primary: where does the money go? Expansion, debt repayment, working capital, acquisitions? If the use is vague "general corporate purposes" , ask why. 3. Revenue and margins. Is revenue growing? Are margins expanding or compressing? Is profit real or driven by one-time items? Compare to sector peers already listed on the EGX. 4. Debt structure. Total debt, debt-to-equity ratio, maturity schedule. For Sharia screening: debt must be under 33% of market cap AAOIFI . High leverage amplifies both upside and downside. 5. Selling shareholders and lock-up. Who's selling, how much, and are they locked up after the offering? A founder retaining 89% Korra signals conviction. A full secondary sell-down signals exit. A 180-day lock-up prevents immediate insider selling post-listing. 6. Stabilization fund. Does the offering include a stabilization mechanism like Gourmet's 30-day fund ? This protects retail subscribers from first-week volatility. Not all IPOs have one. 7. Valuation vs. comparables. What P/E, P/B, or EV/EBITDA is implied by the offer price? Compare to sector peers on the EGX. If the IPO is priced at 15x earnings while the sector trades at 8x, ask what justifies the premium. 8. Oversubscription mechanics. If oversubscribed 55x, you get 1/55th of your order. Your wallet balance is held during the process. Know the allocation math before you subscribe — not after. This framework applies to every IPO. Gourmet, Korra, EEP, Bosta, petroleum SOEs, military companies — the questions are the same. The prospectus is the only document that answers them. Educational and informational only. Not investment advice. All investors should conduct their own research and consult qualified professionals.

Topics

  • GOUR (Gourmet Egypt)
  • Korra Energi
  • Egypt Education Platform IPO
  • Bosta IPO
  • Petroleum SOE Listings
  • Military Company Listings
  • How to Read a Prospectus
  • IPO Allocation Mechanics
  • upcoming IPO
  • prospectus
  • oversubscribed
  • stabilization fund
  • primary vs secondary

Sources