The company offered 128 million shares with a nominal value at a price of ₺35 per share. As a result, the total size of the IPO reached ₺4.48 billion.
More Than 814,000 Investors Participated
According to the IPO results, a total of 814,853 investors submitted orders. The majority of participants were domestic retail investors, while institutional investors also showed strong interest. Due to the high level of demand, retail investors received fewer shares than expected, with approximately 94 lots allocated per investor under the equal distribution method.
Strong Signal Ahead of Borsa İstanbul Debut
The high level of demand during the IPO indicates that investor interest in industrial companies remains strong. Market observers noted that the robust participation seen in recent industrial IPOs continued with Kardemir Çelik.
Market experts stated that the strong demand will make the company's shares closely watched during their first trading days on Borsa İstanbul, while emphasizing that trading performance will ultimately depend on overall market conditions and investor sentiment.
A significant portion of the funds raised through the IPO is planned to support the company's growth strategy. The proceeds are expected to be used to increase production capacity, finance technological investments, and strengthen working capital, contributing to the company's long-term competitiveness.
The successful completion of the IPO with strong participation highlights continued investor interest in industrial companies in Turkey's capital markets, as Kardemir Çelik prepares to join the industrial firms listed on Borsa İstanbul.
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