CMB Approves IPO Applications of Two Companies

image

CMB Approves IPO Applications of Two Companies

In the weekly bulletin published by the Capital Markets Board, it was announced that the public offering applications of Rubenis Tekstil and Kiler Holding were approved. Rubenis Tekstil Sanayi Ticaret A.Ş. (RUBNS) Rubenis Tekstil, whose public offering application was approved by the CMB, will increase its current capital of 50 million TL by 24.5 million TL to 74.5 million TL. Rubenis Tekstil's shares with a nominal value of 1 TL will be offered for sale at a fixed price of 12.5 TL during the public offering phase. The equal distribution method will be applied for the shares sold. Kiler Holding A.Ş. (KLRHO) Kiler Holding will sell Group D shares with a nominal value of TL 29,303,268 owned by Ümit Kiler, a Group D share with a nominal value of TL 29,303,268 owned by Nahit Kiler, a Group D share with a nominal value of TL 29,303,268 owned by Vahit Kiler and a Group D share with a nominal value of TL 9,590,196 owned by KLR İnşaat Ticaret Limited Şirketi, in a total of TL 97,500,000 nominal value, without changing the existing capital of TL 650 million, during the public offering process expected to take place next week. In case of excess demand during the book building process, the Group D shares with a total nominal value of 19,500,000 TL, including the shares with a nominal value of 6,500,000 TL held by Ümit Kiler, 6,500,000 TL held by Nahit Kiler, and 6,500,000 TL held by Vahit Kiler, from the current partners, can be sold. In the Kiler Holding public offering, the shares with a nominal value of 1 TL will be offered for sale at a fixed price of 7.1 TL. The shares sold are expected to be distributed according to the equal distribution method. On the other hand, the book building process of Kocaer Çelik San. ve Tic. A.Ş., which is in the public offering process this week, is being completed as of today. Kocaer Çelik's shares with a nominal value of 46,750,000 million TL and, in case of additional demand, 9,350,000 million TL, are being offered for sale at a fixed price of 27.5 TL.