The luxury travel company said it expects to offer up to 5.0mln shares at a price between 100p to 200p in a post-listing open offer. In late morning trading, the shares were changing hands at 102.50p each.
The group said the offer proceeds are expected to be put towards marketing, expanding into new markets, and the development of new luxury travel products.
Prior to the new open offer, Intosol said it currently has 11.5mln shares in issue, prior to the new open offer, and a market capitalisation of around £11.4mln.
The company said it chose a London listing to increase is profile in the English-speaking market, and help to expand its Soul Private Collection.
Safari lodge development
The Soul private collection is currently focused on South Africa, where the company is completing the purchase of its flagship Oceans Wilderness, a nine-bedroom boutique hotel, as well as initiating the development of a commercial safari lodge in the Leadwood Big Game Estate.
The group reported 10% year-on-year organic revenue growth in the last ten years, with full-year 2017/18 revenue of £6.5mln.
It said it has a client base of over 15,000 individuals, primarily in Germany and Switzerland, and a network of 3,500 hotel and agency partners worldwide.
Intosol’s executive chairman Rainer Spekowius said: "The listing facilitates the next stage in our growth strategy primarily through the development of the SOUL Private Collection and expansion into English-speaking markets."
He added: "We have a number of unique and exciting opportunities in the pipeline on the private travel design side and are focused on completing the acquisition of Oceans Wilderness and beginning construction of our Safari Lodge to provide increased margins and profitability.”