Gentaş Kimya Sanayi ve Ticaret Pazarlama A.Ş., a company with over 25 years of experience in the chemical industry, has received approval from the Capital Markets Board of Türkiye (SPK) for its initial public offering. The company is preparing to meet investors on Borsa Istanbul within the announced timetable.
The IPO will be led by Deniz Yatırım Menkul Kıymetler A.Ş. The offering will consist of a TRY 84 million capital increase and TRY 40,845,000 worth of secondary share sales, totaling TRY 124,845,000 in nominal share value to be offered to the public.
The IPO will be conducted through the “On-Exchange Sale – Fixed Price Book Building and Sale” method. The offering price has been set at TRY 11 per share. Based on this price, the total IPO size is expected to reach TRY 1,373,295,000.
The company’s current paid-in capital of TRY 525 million will increase to TRY 609 million following the capital raise. The free float ratio is projected to be 20.5%.
