When will Bahadır Kimya IPO and how many lots will it give? What are the dates of Bahadır Kimya IPO, is it suitable for the participation index?
The Capital Markets Board (SPK) has approved the Bahadır Kimya San. ve Tic. A.Ş. public offering. The shares in the public offering will be offered for sale at a fixed price of 51.00 TL and the questions “When and how many lots will Bahadır Kimya offer to the public? Is Bahadır Kimya suitable for the public offering participation index?” have begun to be answered. Here are Bahadır Kimya public offering dates and other information.
WHEN IS BAHADIR KIMYA'S IPO?
The Capital Markets Board (CMB) approved the public offering of Bahadır Kimya San. ve Tic. A.Ş. The book-raising dates for Bahadır Kimya will be determined after the approved prospectus is published.
HOW MUCH IS THE BAHADIR KIMYA SHARE PRICE?
In Bahadır Kimya's public offering, shares will be offered for sale at a fixed price of 51.00 TL.
The size of the company's public offering was announced as 816 million TL, while the free float rate was determined as 29.09 percent.
IS BAHADIR KİMYA SUITABLE FOR PARTICIPATION INDEX?
Whether Bahadır Kimya complies with the participation index will be determined after the approved prospectus is published.
WILL BAHADIR KIMYA'S IPO BE EQUAL TO THE INDIVIDUAL OR WILL IT ALL BE EQUAL?
According to the draft prospectus, Bahadır Kimya will be offered to the public in an equal distribution throughout the entirety.
WHERE WILL THE PROCEEDS FROM BAHADIR KIMYA’S IPO BE USED?
The company aims to use the proceeds from the IPO as follows:
70-80% Raw Material Supply
20-30% Working Capital
WHAT DOES BAHADIR KIMYA DO?
Bahadır Kimya was established in Ankara in 1974 to provide service in the automotive sector. The Group, which continued to grow with the spare parts dealerships it acquired, started automotive service in 1997. The company stepped into the industrial field by establishing a factory to produce mineral oil and antifreeze in Ankara in 2001.
On the other hand, Bahadır Kimya received the Central Anatolian Tire Distributorship in 2003 and became one of the strong companies in the automotive sector in the region. The company, which made distributorship agreements with the Qluk brand in a short time in the production and sales section, established its distribution network in Turkey. It started aerosol spray production in 2009.
Bahadır Kimya has become a solution partner for companies that want to produce mineral oil, antifreeze and aerosol spray products with its wide product range and diversity.
In 2013, the company started a new factory investment in Kırıkkale Organized Industrial Zone, which has the 5th Incentive Zone opportunities, due to increasing customer demands, and put the factory into operation in 2013. Bahadır Kimya, which also started exporting as a result of the capacity increase, started its operations in its new factory, which has a total area of 10,360 square meters, 8,640 square meters of which is closed, in 2017.