Alia Mentis, a deep-tech company specialising in the development and industrialisation of proprietary technologies for the production of advanced composite materials and the implementation of innovative manufacturing processes, announces that it has initiated the process of listing its ordinary shares on Euronext Growth Milan, a multilateral trading facility organised and managed by Borsa Italiana.
Since its establishment in 2012, Alia Mentis has built its business model by bringing key activities—such as design, prototyping and manufacturing—in-house. This has enabled the company to position itself upstream in the value chain of leading industrial players as a technology partner capable of integrating its solutions into its clients’ production processes.
Over the years, the Company has developed a portfolio of proprietary intellectual property, distinctive technical expertise and specific technological solutions, comprising over 20 patents, including primarily: Koridion, Equalizer and Xelion. Koridion, a product technology that enables a new process for transforming advanced composite materials, overcoming the limitations of traditional processes; Equalizer, an alternative machine system to presses and autoclaves, which, when applied to Koridion, enables industrial scalability; and Xelion, a functional composite material for the absorption and controlled dissipation of energy, applicable in protective and safety equipment.
Alia Mentis also operates an in-house production facility dedicated to the manufacture of advanced materials, components, semi-finished products and pre-series batches, and leverages its intellectual property portfolio by licensing proprietary technologies, charging royalties, selling in-house production, and providing technical and industrial support services to its customers.
The company, based in Montebelluna, operates across a range of sectors: industrial, automotive, sports, aerospace and defence, with a growing focus on high-growth segments such as hypercars and drones. Its growth trajectory is particularly impressive, having seen its turnover triple over the last three years and boasting strong potential for future development.
In 2025, Alia Mentis reported an increase in operating results, achieving a production value of approximately €15 million – an 86% increase on the previous financial year – and an EBITDA of approximately €8.5 million, with an EBITDA margin of around 58%, confirming the robustness of its business model and the scalability of the proprietary technologies it has developed. Net debt as at 31 December 2025 stood at approximately €17 million.
Alia Mentis is wholly owned by Paronetto Daniel, which in turn is wholly owned by Giuseppe Paronetto, who is also the CEO (pictured). The planned IPO involves raising funds entirely through a capital increase, with a post-transaction free float of up to 35%. The proceeds from the transaction will be used to support growth through a strategy that includes: expansion into new emerging end markets, such as IT infrastructure and data centres; expansion into new geographical areas, such as the North American market; and partnerships and joint ventures with industry players that would enable the expansion of the product offering.
The roadshow and book-building process is expected to begin in the middle of the month, whilst the admission and commencement of trading of the ordinary shares on Euronext Growth Milan is expected by the end of this month.
ALL RIGHTS RESERVED ©
