SYDNEY, AUSTRALIA – 5 October 2024 | Stormeur Limited (Proposed ASX:STR), parent company of Cosmetique, Australia’s first accredited cosmetics clinic, has launched its Initial Public Offering (IPO). With the offer closing on 14 October 2024, the public is being invited to participate to invest, and follow the next chapter of a leading Australian provider of cosmetic injectables and laser hair removal services.
Stormeur’s Cosmetique Clinics at a Glance
Operating since 2017, Cosmetique has built an extensive network of 17 clinics across five Australian states. Offering high-quality, affordable cosmetic treatments, Cosmetique's Clinics have earned a reputation for excellence in aesthetic medicine, performing over 300,000 treatments in the past year alone. Stormeur Limited aims to expand its footprint with Cosmetique by opening four additional Clinics in New South Wales and Victoria within 24 months of its listing on the ASX.
Dr Vivek Eranki, Chairman & Founder
Dr Vivek Eranki, Stormeur’s Chairman and previously the Founder of several dental and medical clinics around the country, leads the Company with an extensive background in both business and medicine. Under his leadership, Cosmetique became the first cosmetic injectables clinic in Australia to achieve the prestigious NSQPCH accreditation, setting industry-leading standards in quality and compliance for cosmetic medical services.
Investment Highlights:
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Rapid Market Growth: Australia’s facial injectables market is projected to grow at a Compounded Annual Growth Rate (CAGR) of 19.3%, and is expected to reach US$9.09 billion by 2030.
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Proven Business Success: Cosmetique has performed over 300,000 treatments in the past year, highlighting its established presence in the cosmetics industry.
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Centralised Business Model: Cosmetique clinics are 100% owned by Stormeur as their parent Company, rather than operating on a franchise model like some previous competitors in the sector.
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Expansion Strategy: The Company plans to open four new clinics within 24 months in major Australian cities, further strengthening its market position and presence on the east coast.
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Industry Leadership: Cosmetique has achieved several industry awards, and holds a stellar reputation with unmatched media presence.
The IPO seeks to raise a minimum of A$6 million, with potential oversubscriptions of up to A$1 million. The funds raised will primarily be used to expand the Company's network of clinics, pursue potential acquisitions, and strengthen the company’s financial position after listing.
Statement from Chairman & Founder
Speaking about the IPO, Dr Eranki commented: “Stormeur Ltd represents an early-stage investment opportunity in a rapidly growing and what some might consider a “recession-proof” industry. With Cosmetique’s strong reputation for excellence, a growing network of locations, and the quality control of maintaining full ownership of our clinics, we are incredibly excited to scale our operations and continue delivering high-quality cosmetic treatments to clients across Australia.”
For more details, refer to the Stormeur Limited Prospectus, available at https://www.liquidity.com.au/deals/stormeur-ltd/
For more information, please contact:
Jane Morgan Management
Investor & Media Relations
dayna@janemorganmanagement.com.au
ollie@janemorganmanagement.com.au
About us:
About Stormeur Limited:
Stormeur Limited owns and operates a network of non-surgical, injectable and laser hair removal Clinics, which operate under the registered trademark “Cosmetique”. There are currently 17 Cosmetique Clinics located in five states across Australia.
The Clinics offer specialised non-surgical services that are aimed at enhancing a patient's satisfaction with their aesthetic appearance. Those services include medical treatments, such as wrinkle relaxers and dermal fillers, and beauty treatments, such as dermatological peels, skin needling, intense pulsed light (IPL), and laser hair removal. Over the last 12 months alone, Cosmetique has provided more than 300,000 treatments to patients at its Clinics around Australia.
Cosmetique provides treatments and services to patients with a consistent focus on high quality professional ethics, patient care, and safety. Stormeur believes that aesthetics will remain a focal point of health care in Australia. The Company strives to be a leader in the non-surgical aesthetic medical market, offering respected Clinics that provide high-quality aesthetic treatments, outstanding patient care and safety as part of a strong value proposition. The Company’s growth strategy is focused on increasing the Group’s share of the Australian non-surgical aesthetic market by opening new clinics across Australia and optimising services in existing Clinics.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au