# SPK Approves Gentaş Kimya’s Initial Public Offering

> Gentaş Kimya has received regulatory approval for its IPO. A total nominal value of TRY 124,845,000 in shares will be offered, with the total offering size targeted at TRY 1,373,295,000.

Published: 2026-02-26T11:34:00+00:00
Language: en
Categories: [News](https://chemexworld.com/en/categories/news.md), [Paints and Coatings](https://chemexworld.com/en/categories/sectors/paints-and-coatings.md)

Canonical URL:
https://chemexworld.com/en/news/spk-approves-gentas-kimya

## Content

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%**.