Shares of Glorax jumped 15% on news of the company's accession

On Wednesday, October 7, shares of Glorax rose by 14.8% compared to the closing level of the previous day, at the peak of quotes reached е38.8 per paper. In 15 minutes, the quotes of the company jumped by 13.8%.

Quotes are growing against the background of a report that Glorax shareholders approved the accession of Specialized Developer NTVO LLC. This is reported on the corporate information disclosure website. Shares in the authorized capital of NTVO LLC owned by the company are subject to repayment. The authorized capital of Glorax will not change as a result of the reorganization.

Shareholders - owners of voting shares who voted against the adoption of the relevant decision or did not take part in the voting, have the right to demand the redemption by the issuer of all or part of their shares, the company said.

The redemption price of one ordinary share is equal to its weighted average price determined by the results of organized bidding for the period from February 18 to August 17 (inclusive), ительно44.57 per share. Shares will be repurchased from November 20 to December 19 this year.

Glorax was founded in 2014. The company is engaged in the design, construction and sale of residential real estate. Now it operates in 11 regions: St. Petersburg, Leningrad region, Moscow, Nizhny Novgorod, Kazan, Yaroslavl, Vladimir, Vladivostok, Murmansk, Omsk and Tula. The company’s portfolio includes projects in different segments of housing: from comfort to premium class.

On October 31, 2025, the company held an IPO on the Moscow Stock Exchange, within which it raised й 2.1 billion. As a result of the placement, the market capitalization amounted to about сси18.1 billion, taking into account additional emissions. The share in free float was 11.6% of the increased share capital of the company, excluding the results of the stabilization program.

The IPO was held in cash-in format, in which the funds from the placement went to the development of the business, not to shareholders. The funds raised were used to implement a long-term strategy, reduce debt and other corporate goals.

One of the important features of the transaction was an offer to buy back shares from investors with a premium to the IPO price if the weighted average price of the share is lower than the IPO price in at least one of the five main trading sessions that go consecutively exactly one year after the placement. In this case, the company promised to offer investors a public offer to buy back shares at an IPO price of + 19.5%.

On August 31, Glorax presented financial results for the first half of 2026:

revenue increased by 45% year-on-year to ая27 billion; comparable EBITDA increased by 36% to ая8.6 billion; EBITDA margin was 32% against 34% a year earlier; comparable net profit increased by 29% to ая1.6 billion; net debt to EBITDA ratio was 2.9x, below 3x, one of the key benchmarks of the company’s financial policy.

The main driver of the growth of financial results in the first half of 2026 was the further scaling of the Glorax regional business. The share of regional projects in revenue increased 2.7 times from 22% to 59%, the company explained.

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