Vişne Madencilik, which operates in the mining sector, has started the countdown to its public offering. The public offering application of the company, whose foundations were established in 1952 in Bergama district of Izmir by its founder Nihat Mithat Öztüre, was approved by the CMB.
In the public offering process; shares with a total nominal value of TRY 24 million will be offered for sale, with a capital increase of TRY 17 million nominal value shares and a shareholder sale of TRY 7 million nominal value shares. The public offering will be carried out by the consortium formed under the leadership of Tera Yatırım through “Fixed Price Offer” and “Best Effort” method.
Public Offering Details
Public Offering Date: To be announced soon.
Public Offering Price Range: TRY 37.44
Distribution Method: Equal Distribution
Number of Shares: 24,000,000
Intermediary Firm: Tera Yatırım Menkul Değerler A.Ş.
Market: Primary Market
Usage of the Public Offering Fund
The company plans to use the funds in the following areas:
40-45%: Installation of a raw material preparation plant, support equipment and infrastructure for the Çelemli plant.
5-10%: Installation of a hydraulic lime slurry line at the Çelemli plant.
20-25%: Installation of lime slaking, winding plant, big bag filling, packing and packaging plant at Narli plant.
25-35%: Installation of micronized lime grinding line and equipment at Narli plant.
Appropriation Groups
Domestic Individual Investor: Equal Distribution
Domestic Institutional Investor: Equal Distribution
Foreign Institutional Investor: Equal Distribution
Financial Indicators
2023 Revenue: TRY 985 million
2023 Gross Income: TRY 259.7 million
2022 Revenue: TRY 1.0 billion
2022 Gross Income: TRY 304.9 million
2021 Revenue: TRY 680.2 million
2021 Gross Income: TRY 174 million
Public Offering Size and Distribution
Public Offering Size: TRY 898 million
Free Float Rate: 20.5%
Certificates and Investor Relations
Vişne Madencilik maintains a transparent and reliable relationship with investors as a company that maintains its leadership in the sector and has a strong financial background. Detailed information about the company's certificates and investor relations can be found on the company's official website.
Legal Notice
This document is for informational purposes only and in no way constitutes a public call for the purchase of capital market instruments or a recommendation regarding capital market instruments. In determining the public offering price, neither the CMB nor the Stock Market has any discretionary authority or approval. The Prospectus and its attachments containing information about the Company and the public offering and the Announcement of Sale to Savings Holders will be published on the websites of KAP (www.kap.org.tr), Vişne Madencilik (www.visnemadencilik.com) and Tera Yatırım (www.terayatirim.com). Investors are required to make their investment decisions by reviewing the Prospectus and its attachments approved by the CMB and the Announcement of Sale to Savings Holders published at the specified addresses.
About Vişne Madencilik
Established on March 23, 1952 in Bergama, Izmir by its founder Nihat Mithat Öztüre, lime production continues with Vişne Madencilik Üretim Sanayi ve Ticaret Anonim Şirketi, a subsidiary of Öztüre Holding A.Ş. in 2010. The Company is engaged in obtaining licenses for processed and unprocessed minerals and ores within the scope of the Mining Law No. 3213, opening and operating quarries and engaging in production activities, production, domestic and international purchase and sale of limestone, stone chips, firestone, lump lime, piece lime, hydrated lime and materials and materials containing lime in their composition or mixed with lime and soil industrial products, and establishment, leasing, leasing and operation of all kinds of mining and lime production facilities. The company, headquartered in Izmir, has three factories, Çelemli, Narlı and Çukurova, and 250 employees. Çelemli Plant has a quarry, crushing and screening plant, fuel preparation plant, furnaces (quicklime production), ground calcium oxide production plant, vikalo production plant, quicklime production plant and quicklime bag production plant; Çukurova Plant has an integrated quarry and crushing and screening plant; and Narlı Plant has an integrated quarry, crushing and screening plant, fuel preparation plant and furnaces (quicklime production). The company, which offers 95 percent of its gross sales to the domestic market, aims to increase the share of exports, which stands at 5%, in the coming period.
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