Offer price of 170p-a-share set
Homewares group Dunelm will make its Stock Exchange debut capitalised at£340 million after an offer price of 170p-a-share was set.

The store group, founded by the Adderley family, placed 30 per cent of its shares with 'a broad base of institutional and professional advisers'. The majority stake will remain in family hands.

Unconditional trading in Dunelm shares will begin next Tuesday. Evolution analyst Nick Bubb said: 'We think Dunelm ticks most of the right boxes, given its scope to grow in a fragmented market, but we will be interested to judge the capability of the Adderley family.'

Chief executive Will Adderley said: 'We are delighted with the positive response we have had from investors. Dunelm has been rapidly growing and the IPO will help support the business in the next stage of its growth.'

He was optimistic about prospects for the roll-out of out-of-town superstores and said: 'We have the systems, team and culture in place to enable us to achieve this.'