Keshet Taamim Prepares for IPO Aiming for One Billion Shekel Valuation

Keshet Taamim is preparing for an IPO in early 2027. Calcalist has learned that the chain has begun checks with financial entities in the capital market regarding the feasibility of the move and has started interviewing various bodies to accompany the process. However, according to a spokesperson for the chain, the preparation of a prospectus has not yet begun, and these are preliminary checks.

The estimated value of the chain is 600-700 million shekels, although it aims for a value of close to one billion shekels in the IPO, given that its turnover is expected to approach 2 billion shekels in 2027. The IPO, if it matures, will follow the public offering of another retail chain. Carrefour, controlled by Electra Consumer Products of the Zalkind brothers, aims to go public in November at a valuation of 900 million shekels.

Carrefour's revenues reach about 3.5 billion shekels a year, but its profitability is hampered by a debt of about 400 million shekels and financing expenses, resulting in a quarterly profit of only 8 million shekels in Q2 2026. Carrefour operates about 150 branches, and its revenue per square meter is estimated to be lower than that of Keshet Taamim, which operates only about 26 branches. Keshet Taamim’s profitability is higher and is estimated to be close to that of Tiv Taam.

The chain ranks tenth in revenue among retail chains, with 1,800 employees and 1.5 billion shekels in revenue in 2025, growing by about 20% annually. Tiv Taam, which recorded quarterly revenues of 555 million shekels and about 2.2 billion shekels annually, earned 25 million shekels in the quarter.

Keshet Taamim was founded in 2002 by Ariel Lecht, who opened the first branch in Nahariya. Today, the chain is an importer of premium food products and operates the "Mamochka" online ready-made meal service. In 2023, the chain acquired 70% of the Dudu Otmazgin patisserie chain at a valuation of 50 million shekels. It also opened a 5,000-square-meter robotic logistics center in Petah Tikva, and a flagship branch in Rishon LeZion. In 2024, Kinan Maman was appointed CEO.