It hit the ceiling price as soon as it entered the stock market

Beste Brands Grup Enerji, which held its initial public offering on February 5-6 on the Borsa Istanbul Primary Market using the fixed-price book-building method, opened its shares for trading on the stock exchange for the first time today. In the IPO, 54,578,570 shares were offered to investors at a price of 14.70 TL.

On its first day of trading on the stock exchange, the company's shares rose to 16.17 TL, reaching the ceiling price. Drawing attention with 21.12 million lots of buy orders in the opening session, 13,193 lots have been traded in the company's shares so far.

The majority of the company's publicly offered shares were distributed to domestic individual investors. While 99.81 percent was allocated to domestic individual investors, only 0.19 percent was allocated to foreign individual investors.

This strong start on the trading day that began today at Borsa Istanbul showed that Beste Brands Grup Enerji shares were met with investor interest.

News Source: 12punto