The initial public offering of Bavarian specialty packaging manufacturer Electrovac is expected to raise up to 49 million euros. The Salzweg-based company, located near Passau, is offering up to 4.76 million shares at a price range of 7.80 to 10.20 euros, according to an announcement on Wednesday. The subscription period runs from Friday until April 27, with the shares scheduled to debut on the strictly regulated Prime Standard of the Frankfurt Stock Exchange on April 30. Approximately 30 million euros of the proceeds will accrue to the company to fund the expansion of its international production facilities. Electrovac manufactures hermetic glass-to-metal seals that protect critical electronic components from external influences, such as airbag igniters, satellites, and air defense missiles.

The offering is being managed by BankM and Bankhaus Metzler. At the midpoint of the price range, Electrovac is valued at 144 million euros, with a projected free float of around 30 percent following the IPO.

CEO Dieter Thumfart is banking primarily on demand from the aerospace, defense, and automotive industries: "The demand in our strategic target markets of Personal Safety and Aerospace & Defense is undoubtedly there, and only a handful of companies worldwide possess the expertise and certifications required to meet it." During the first nine months of the 2025/26 fiscal year (ending March 31), the company, which employs approximately 550 people, generated revenue of 89.5 million euros and earnings before interest and taxes (EBIT) of 10.5 million euros. The medium-term target is to reach 150 million euros in revenue. 

(Reporting by Alexander Hübner, edited by Ralf Banser. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)