Grainturk’s IPO size reached 440 million TL
The results of the public offering of the shares of Grainturk Tarım A.Ş. were announced. In the notification made to the Public Disclosure Platform (KAP) by Info Investment, it was stated that the public offering of the company’s shares took place on the Borsa Istanbul Primary Market between 18-19 April 2023 with the “Fixed Price Picking and Sales Method”.
According to the PDP announcement, 25 million shares with a nominal value of 25 million TL, which were increased due to the increase of Grainturk’s capital from 100 million TL to 125 million TL, were offered to the public.
Info Investment noted that in the current public offering of company shares, the public offering price of shares with a nominal value of 1 TL was announced as 17.60 TL, and with the determined public offering price, the size of the public offering was realized as 440 million TL.
Since the public offering is made in the Borsa İstanbul Primary Market with the method of “Selling on the Stock Exchange-Fixed Price Demand and Sale”, no allocation is made to any investor group, while according to Borsa İstanbul data, 2.8 times the size of the public offering in total, as a result of demand, It was reported that an unfiltered demand with a nominal value of 161 million 536 thousand 882 TL was received.