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) Main Market.
Pursuant to the Board of Directors' resolution concerning our Company's additional production line investments, which began in 2024 and are scheduled for completion in 2026, all of the proceeds from the public offering of the new shares to be issued through the capital increase will be used for capacity-enhancing capital expenditure on property, plant and equipment.
Within the scope of this resolution, the proceeds from the capital increase to be carried out following the public offering will be allocated as follows:
Use of IPO Proceeds:
– Çelemli Plant – installation of a raw material preparation (crushing and screening) facility, including all support equipment and infrastructure: 40%–45%
– Çelemli Plant – establishment of a hydraulic lime blending line: 3%–7%
– Narlı Plant – lime hydration, wrapping, big bag filling, packing and packaging facility (including silos and all equipment): 8%–10%
– Narlı Plant – installation of a micronised lime grinding line and equipment: 19%–23%
– Cash requirement for financing ongoing new investments: 20%–25%