Record demand of TL 90.5 billion for the public offering of Astor Enerji shares on the Stock Exchange
Astor Enerji, Turkey’s leading manufacturer of transformers and switch products, completed the application pickup process, which took place between January 11 – 13, with record attendance. The public offering of shares of Astor Enerji Company received a record demand of 34.5 times more from investors, amounting to an amount of 90.5 billion TL.
Part of the shares of the Astor Enerji Company, the main domestic producer of transformers and switching products in our country, was offered to the public on the Stock Exchange with record participation. The public offering of part of the shares of Astor Enerji on the Stock Exchange carried out through the intermediary of a consortium of 40 institutions brought together under the direction of TEB Investment between January 11-12-13 of a magnitude of volume of 2.63 billion TL, received a record demand with 34.5 times requests.
The public offering of shares of Astor Enerji, received a demand of 60.9 times for the shares allocated to domestic retail investors, 1.03 times for the shares allocated to company employees, 22.3 times for shares allocated to domestic institutional investors and 5.8 times for shares allocated to foreign institutional investors.
“Thank you to our investors who shared our strength”
Stating that they are very happy due to record investor demand, Astor Enerji’s General Manager, Hakan Ünsal, said, “We are very proud to have concluded our share offering to the public with record demand while leaving behind us, an important milestone for our company in the 100th anniversary of Our Republic. While maintaining our leadership in Turkey, we will continue to contribute more to our country through our new investments, exports and jobs. As we continue to grow as a corporate and public brand with all our transparency, we will take stronger action with the support of our investors. We would like to thank all our investors, partners of our strength, for their interest and their trust.
“As TEB Investment, we aim to have more shares in public offerings”
Selim Yazıcı, General Manager of TEB Investment, said: “We are proud to start the year 2023 with the management of the public offering of Astor Enerji, one of the main industrial establishments in our country. The record total demand for the public offering and above all the interest from foreign investors have encouraged us in terms of the potential of both our institution and the Turkish capital markets. On the occasion of the 100th anniversary of the Republic, we expect that many companies such as Astor Enerji that support the production, employment and exports of our country will favour the capital markets for their resource needs at long term. As TEB Investment, we aim to contribute to the growth of the country’s economy by taking more leadership roles in offerings to the public.
The first gong for Astor Enerji is due to sound on Wednesday January 18 at the Istanbul Stock Exchange.
About Astor Enerji
A leader in the electromechanical manufacturing industry by manufacturing and selling transformers and switching products, Astor Enerji successfully represents our country worldwide. Continuing its activities in Ankara in the 2nd OSB Organized Industrial Zone of (OIZ) since 2018, the Company operates on a land of 140,000 m2 and an enclosed area of 105,000 m2 equipped with the latest technologies in its factory with the production of the oil-type distribution transformers, dry-type transformers, power transformers, reactors, Industry specific transformers’, High and medium voltage Switching Products, Compact Transformer Centers, Mobile Transformer Centers and of RMUs and Protective Metal Clad, sells both in Turkey and abroad markets in more than 90 countries in the World. Astor Enerji, which has the necessary quality and test certificates, continues its activities within the framework of its growth objective centered on R&D with its expert technical and administrative staff, committed to quality and open to development.