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Çağdaş Cam Sanayi ve Ticaret A.Ş. is going public. The company, which operates in the glass processing sector, will distribute 42 million lots as part of the IPO. Investors considering participating in this IPO have been closely examining all the details regarding the Çağdaş Cam demand collection date, share price, and participation index.
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(CGCAM) HOW WILL THE ÇAĞDAŞ CAM IPO WORK?
The process for the Çağdaş Cam IPO will be carried out on the Borsa İstanbul Primary Market using the "Sale on the Exchange" method under the ticker code CGCAM.HE. A fixed price of 20 TL per share has been set for the IPO, and a total of 42 million TL in nominal value shares will be offered for sale. The offering, which will be led by Deniz Yatırım, will increase the company's capital from 137 million TL to 168 million TL.
The company will collect demands between December 11-12.
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HOW MANY LOTS WILL ÇAĞDAŞ CAM (CGCAM) OFFER?
If 300 thousand people participate in the IPO, it is expected that 140 lots will be allocated per person; if 400 thousand people participate, 105 lots; if 500 thousand people participate, 84 lots; and if 750 thousand people participate, 56 lots.
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WHO OWNS ÇAĞDAŞ CAM?
Çağdaş Cam has 4 partners with a stake of 5% or more. 40% of the company belongs to Ömer Seyfettin Pirinç, 20% to Serdar Raşit Pirinç, 20% to Betül Pirinç Yıldız, and 20% to Raşit Pirinç.
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WHAT DOES ÇAĞDAŞ CAM DO?
Çağdaş Cam was founded in 1994. Operating in the glass processing sector, the company is among the important institutions of the Turkish glass industry. The company has an annual glass processing capacity of 7.6 million square meters and an annual insulated glass production capacity of 800 thousand square meters.
News Source : 12punto
