[55223] New IPO on the Turkish Stock Exchange: Steel giant 'Ekinciler' goes public

The Mega IPO of Ekinciler Demir ve Çelik Sanayi (#EKDMR)

The Turkish capital market is preparing for a significant IPO of the steel company 'Ekinciler' (Ekinciler Demir ve Çelik Sanayi). According to a report by FİNANS MERKEZİ, the company is described as a "new steel giant on our stock exchange" that will join veteran players like Erdemir and Kardemir. The demand collection process will take place between May 13th and 15th, from 09:00 to 17:00.

IPO details and recommendations for investors

Borsa Haber 🔔 recommends that investors interested in participating in their announcement submit a request for 45 shares (worth 2,025 Turkish Lira), an amount considered sufficient. However, investors were warned that for the large investor category, a submission of 10,001 shares or more is required, a value totaling 450,045 Turkish Lira.

Various sources present estimates regarding the nature of the allocation. While Borsa Haber 🔔 highlights the IPO terms, Ekonomi • Son Dakika estimates in its announcement that if demand is similar to recent IPOs, an allocation of only about 23 shares (worth 1,035 Turkish Lira) per investor is expected.

Important restrictions

It is worth noting that the IPO does not meet the 'Islamic Index' (Katılım endeksi) criteria, as stated by FİNANS MERKEZİ. Additionally, Borsa Haber 🔔 details a list of financial institutions that are not participating in this IPO, including: Vakıf Katılım, Kuveyt Türk Katılım, Türkiye Finans Katılım, Albaraka Türk Katılım, T.O.M. Katılım, and Anadolu Yatırım.