What You Need to Know About Best Brands' Initial Public Offering

Best Brands IPO: Overview

Best Brands Group Energy Investment is attracting investors' attention with its initial public offering (IPO) approved by the Capital Markets Board (SPK). The company aims to evaluate Turkey's potential in the renewable energy sector by focusing on environmentally friendly energy solutions.

IPO Details

The size of Best Brands' IPO has been set at 802 million TL. The public offering ratio is 34%, and a total of 54,578,570 shares will be distributed. The IPO price has been set at 14.70 TL.

Company's Area of Activity

Best Brands is an investment group targeting the efficient use of renewable energy sources. It aims to contribute to national energy supply security by generating energy with high efficiency in six strategically important regions of Turkey. Embracing the principle of sustainability, the company develops clean and reliable energy projects.

IPO Process

The exact date of the IPO will be determined after the approved prospectus is published. Additionally, it is planned that the IPO will be conducted either as an individual or equal distribution of the total. The company's symbol (stock code) has not been announced yet.

Use of IPO Proceeds

Best Brands aims to use 100% of the proceeds obtained from the IPO for the establishment and acquisition of new facilities.

Conclusion

Best Brands is attracting investors' interest with clean energy projects and a sustainability approach. It aims to provide assurance to its investors within a price stability framework over a period of 15 days.