The company conducted an initial public offering by way of offers of up to 2,500,000 new Ordinary Shares and 6,000,000 existing Ordinary Shares at 200 pence per Ordinary Shares, conditional on Admission.

The offers comprise a placing of 1,353,255 new Ordinary Shares and 6,000,000 existing Ordinary Shares with institutional and other investors, a customer offer of 646,745 new Ordinary Shares and a direct subscription with existing shareholders of 500,000 new Ordinary Shares.

These sold at 200 pence per share condition on admission, which conditionally raised gross proceeds to approximately £17m - consisting of £5m for the company and £12m for the selling shareholders.

This means the market capitalisation of the company on admission will be £83.8m, with the directors retaining 32.1% of the ordinary shares.

Parsley Box will issue 41 million ordinary shares with a free float of approximately 45.4%. The admission will begin on 31 March.

Kevin Dorren, CEO of Parsley Box, said: “The IPO is a significant milestone for the business and I see it as firing the starting gun on our next phase of growth. I am looking forward to leading the business through this exciting new chapter.

“The strong demand for our IPO from both blue-chip institutions and our own customers was a real endorsement of our business and the market opportunities that lie ahead of us. I’m pleased to welcome our new shareholders on board.

“I’d also like to thank our employees who do so much day in, day out to ensure we deliver great service to our customers.”