New company goes public on Borsa Istanbul: Subscription dates announced

Empa Elektronik Sanayi ve Ticaret A.Ş., which operates in a wide range of fields from space, aviation, and defense to e-mobility, industrial electronics, and smart energy solutions, is preparing for its initial public offering on Borsa Istanbul next week. As part of the company's IPO, which has been approved by the Capital Markets Board, the subscription process will last for two days.

SUBSCRIPTION DATES ARE FEBRUARY 19–20

According to the announced plan, the IPO will take place on Monday, February 19, and Tuesday, February 20. In the IPO, where the sale of a total of 38 million shares is planned, the price per share has been set at 22 TL. In exchange for the increase in the company's capital, 29 million TL in nominal value of new shares will be produced, and 9 million TL in nominal value of shares owned by existing partners will also be on sale. Including the additional sales option, it is aimed to bring a total of 38 million TL in nominal value of shares to investors.

The IPO size of Empa Elektronik is expected to be 836 million TL. The company's free-float rate is projected to be 22.35 percent. The IPO will be organized under the leadership of Halk Yatırım Menkul Değerler A.Ş.

Empa Elektronik provides technological solutions to various sectors, ranging from LED lighting to energy management, not limited to white goods and small home appliances in the electronics sector. Following the completion of the subscription process for the shares, the company is expected to begin trading on Borsa Istanbul.

News Source: 12punto