This week, İzdemir Enerji, Tatlıpınar Enerji, and Ofis Yem Gıda will be conducting demand solicitation

Sermaye piyasası kurulu

The Capital Markets Board (CMB) has approved the initial public offering (IPO) applications of three companies. İzdemir Enerji, Tatlıpınar Enerji, and Ofis Yem Gıda will conduct demand solicitation this week.

According to the disclosure made to the Public Disclosure Platform (KAP), the IPO of Tatlıpınar Enerji Üretim AŞ will collect demand on August 10-11.

The company will offer shares with a nominal value of 1 TL at a fixed price of 22.50 TL. The total size of the IPO is expected to be approximately 1.5 billion Turkish lira, and 30-35% of Tatlıpınar Enerji’s IPO proceeds will be used for loan repayments. The majority of the IPO proceeds will be allocated to investments in wind and solar energy projects and capacity expansions.

For İzdemir Enerji Elektrik Üretimi’s IPO, demand will be collected for three days from August 8 to 10. The company’s shares with a nominal value of 1 TL will be offered for sale at 19 TL per share. The expected size of the IPO is around 2.6 billion Turkish lira, with 75-80% of İzdemir Enerji’s IPO proceeds planned to be used for establishing solar power plants, and 20-25% for working capital needs. 60% of the offered shares will be allocated to domestic individual investors, and 40% will be allocated to domestic institutional investors.

As for Ofis Yem’s IPO, led by Garanti BBVA, demand will be collected on August 10-11 for two days. The company will offer shares with a nominal value of 1 TL at a fixed price of 27.20 TL per share. The total size of Ofis Yem’s IPO will be 618.8 million Turkish lira, including a capital increase of 16.25 million TL and a sale of 6.5 million TL worth of existing shares. The IPO size represents approximately 15.6% of the company’s total shares outstanding. The intended use of the IPO proceeds is as follows: 50-60% for the repayment of financial debts, 10-20% for working capital, and 15-20% for investment expenses.

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