The public offering process of the company started today and will continue for 3 days. In the public offering, which will take place on February 3-4-5, 2025 through the “Fixed Price Demand Collection” method, the price per share has been set at TRY 37.44 . The transaction will be conducted under the stock exchange code VSNMD.
Founded in 1952 by Nihat Mithat Öztüre in Bergama district of Izmir, Vişne Madencilik is opening 20.51% of its capital to investors through an IPO. The IPO process is being carried out by a large consortium of 41 intermediary institutions under the leadership of Tera Yatırım.
Vişne Madencilik Üretim Sanayi ve Ticaret A.Ş.'s public offering will start today. In the public offering of Vişne Madencilik, a TRY 17 million nominal value of shares will be sold through capital increase and TRY 7 million nominal value of shares will be sold through shareholder sales, for a total nominal value of TRY 24 million. The size of the public offering is expected to be TRY 898 million 560 thousand. The process will be carried out through a consortium of 41 intermediary institutions under the leadership of Tera Yatırım.
“Public Offering is an important step on the way to institutionalization”
Cem Öztüre, Chairman of the Board of Directors of Vişne Madencilik, stated: "The IPO is an important milestone in terms of strengthening the company's corporate identity and reinforcing brand awareness and recognition. As of the end of 2023, our company has realized 8.4% of Türkiye's lime production and has the first largest production volume in Adana, Osmaniye, Hatay, Kahramanmaraş and Gaziantep, where it operates, and the second largest production volume among lime producers across Türkiye. With 48.1%, our production is mainly aimed at the iron and steel industry. Lime is used as an input material in many sectors such as desulphurization of factory flue gases, use as a dehumidifier and degasser in the recycling plastics industry, treatment plants, sugar production, glass and paper industry, animal feed production. We also supply lime as a pH balancer in acidic agricultural lands and as stabilization material to consolidate clayey soft soils."
“Our total production capacity has reached 810 thousand tons per year”
Öztüre added that the use of lime is becoming more widespread as highways have started to use lime in asphalt in order to build more robust roads. "In addition, we provide a significant added value to the Türkiye’s economy with our product range for the leading locomotive sectors of our country such as gold producers and the construction industry with pulp lime. In 2023, with the new kilns we commissioned, our total production capacity reached 810 thousand tons per year. Therefore, we believe that the public offering will positively affect our production capacity and profitability as well as institutionalization."
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