Vişne Madencilik's IPO application approved
The initial public offering application of Vişne Madencilik Üretim Sanayi ve Ticaret A.Ş., an Öztüre Holding company with 72 years of experience in the mining sector, has been approved by the Capital Markets Board of Türkiye (CMB). In the public offering, which will be carried out with Tera Yatırım as consortium leader, 20.51% of the Company's share capital is planned to be offered for sale through the book-building method.
The countdown has begun for the public offering of Vişne Madencilik, which operates in the mining sector. The IPO application of the Company, whose foundations were laid in 1952 in the Bergama district of İzmir by its founder Nihat Mithat Öztüre, has been approved by the CMB.
In the public offering, shares with a total nominal value of TRY 24 million will be offered for sale: shares with a nominal value of TRY 17 million through a capital increase and shares with a nominal value of TRY 7 million through a sale by existing shareholders. The offering will be carried out by the consortium led by Tera Yatırım using the “Fixed Price Book-Building” method on a “best efforts” basis.
Following the public offering, the Company's share capital will be increased from TRY 100 million to TRY 117 million. The offering price has been set at TRY 37.44 per share. The total size of the public offering is expected to reach TRY 898,560,000, and the free float ratio following the capital increase is projected to be 20.51%.
The Company's shares are planned to be traded on the Borsa İstanbul (BIST) Star Market.