Şa-Ra Enerji announces initial public offering (IPO)

As part of the public offering, the company's issued share capital will be increased from TRY 400 million to TRY 444.5 million. Accordingly, 44.5 million shares with a nominal value of TRY 44.5 million will be issued through a capital increase.

In addition, 35.6 million shares with a nominal value of TRY 35.6 million owned by existing shareholder Sadi Türk, and 8.9 million shares with a nominal value of TRY 8.9 million owned by Hilkat Mor, will also be offered for sale as part of the IPO.

In total, 89 million Class C shares, with a total nominal value of TRY 89 million, will be offered to investors.

The total size of the public offering is estimated at TRY 6.23 billion, while the offering price has been set at TRY 70 per share.

Tera Yatırım Menkul Değerler A.Ş. will act as the lead intermediary institution for the public offering.