Carluccio's has announced the details of its planned listing on AIM, which is expected to take place on 14 December. The group has set the placing price at 94.5p per ordinary share. The placing is for £26.5m with institutional demand of around £100m. Based on the placing price and 56,738,285 ordinary shares in issue upon admission, the group will have a market capitalisation of £53.6m. On admission, 49.5% of the company's issued share capital will be held by institutional investors and 21.7% by the company's Directors Close Brothers Corporate Finance has been appointed as nominated adviser and Altium Capital is acting as broker to Carluccio's. Stephen Gee, the executive chairman of Carluccio's, said: “I am delighted that so many of our original shareholders have decided to retain a shareholding and that institutions have demonstrated such a high level of enthusiasm for Carluccio's. “Our successful all day trading format will continue to provide our customers with the highest quality food at value-for-money prices in informal, visually appealing surroundings.” Simon Kossoff will continue as managing director and Frank Bandura will continue as finance director