Bookbuilding process begins for ŞA-RA Energy's IPO
The bookbuilding process for the initial public offering (IPO) of ŞA-RA Energy, one of the few companies in the world capable of manufacturing all components of power transmission lines in-house and delivering turnkey projects, commenced on July 8. The three-day subscription period will continue on July 8, 9 and 10, with investors able to submit their bids at a fixed price of TRY 70.00 per share.
The IPO, led by Tera Yatırım Menkul Değerler A.Ş. and supported by a broad consortium, aims to bring the company's 41 years of industrial experience and strong financial structure to Borsa Istanbul. A total of 89 million shares are being offered, with the IPO size expected to reach approximately TRY 6.23 billion.
ŞA-RA Energy stated that, in addition to carrying out the first IPO in its sector in Türkiye, it offers investors not only a financial partnership but also an opportunity to become part of a globally proven success story.
41 years of industrial experience and global production strength
Founded in 1985, ŞA-RA Energy is currently among Türkiye's top 500 industrial enterprises. The company operates nine major production facilities in Adana and Ankara, with an annual steel fabrication capacity of 200,000 mt, three fully automated hot-dip galvanizing plants with a combined capacity of 250,000 mt, and a bolt and nut production capacity of 70,000 mt.
To date, the company has completed 6,881 kilometers of power transmission line projects domestically and holds an approximately 50% market share in the Turkish market for its own manufactured products. ŞA-RA Energy exports its products to more than 100 countries, maintaining a strong global presence.
The first IPO in its field and the largest IPO of 2026
ŞA-RA Energy's public offering is the first IPO in Türkiye within its field of activity and stands out as the largest IPO completed during the first seven months of 2026, with an offering size of TRY 6.23 billion.
Under the offering structure, 38% of the shares have been allocated to domestic individual investors and 2% to group employees through an equal distribution method. Meanwhile, 50% of the total offering has been allocated to institutional investors as a reflection of confidence in the company's global vision and financial strength, with 25% reserved for domestic institutional investors and 25% for international institutional investors.
Additionally, a separate 10% allocation has been designated for investors applying for 115,001 shares or more, which will be distributed proportionally to ensure balanced participation of large-scale investors.
IPO proceeds to support growth and investments
ŞA-RA Energy plans to utilize the proceeds from the IPO in strategic areas in line with its sustainable growth targets.
Approximately 55% of the funds will be used to finance working capital needs to support increasing sales volumes and maintain operational strength. Another 30% will be allocated to reducing existing financial liabilities and strengthening the company's balance sheet, while the remaining 15% will be invested in renewing machinery and equipment at production facilities and integrating new capacity-enhancing technologies into production lines.
"We will become stronger in global competition with our new shareholders"
R. Mertay Türk, Chairman of the Board of ŞA-RA Energy, stated that the company has achieved significant success in the energy sector over its 41-year history and expressed his excitement about meeting investors on Borsa Istanbul and further expanding the ŞA-RA Energy family, which carries Türkiye's engineering capabilities to the world.
Türk noted that the proceeds from the IPO would not only be used to increase production capacity but would also support strategic investments in renewable energy projects and initiatives aimed at reducing the company's carbon footprint.
Emphasizing that the support of new shareholders under a transparent, institutional and innovative management approach would further strengthen the company's position in global competition, Türk said that the IPO represents a significant milestone in ŞA-RA Energy's international growth strategy.
Operating with an integrated production structure
Headquartered in Ankara, ŞA-RA Energy provides engineering, manufacturing, contracting and installation services in power transmission and distribution facilities, transmission lines, substations, transformer centers and telecommunications systems.
The company possesses a broad and integrated production portfolio, including lattice and monopole transmission towers, steel structures for solar energy systems, composite core silicone insulators and high-voltage transmission line hardware.
Combining advanced technology with strong manufacturing capabilities, ŞA-RA Energy manages one of the highest production capacities in the sector, with annual steel fabrication capacity of 200,000 mt, three fully automated hot-dip galvanizing plants with a combined capacity of 250,000 mt, and a bolt and nut manufacturing capacity of 70,000 mt. With more than four decades of engineering expertise, nearly 1,000 employees and production standards that meet international quality requirements, the company continues to contribute to Türkiye's industrial and export strength through turnkey projects both domestically and internationally.
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