Capital Markets Board CMB approved the public offering of DMR Unlu Mamuller Üretim Gıda Toptan Retail İhracat A.Ş., the producer company of Simit Sarayı. The company’s public offering price was determined as 10.24 TL per share.
With the decision of the CMB, approximately 40 percent of the company will be offered to the public. Shares worth 75 million TL in total will be offered to the public and a total offering income of 768 million TL is targeted. 30 percent of the company was purchased by portfolio management company Re-Pie in 2020.
Estimates of the estimated number of lots emerged based on participation in the book building process, which will take place completely equally. Experts expect that if 2 million investors participate in the public offering, 38 lots (389 TL) will be distributed per person, and if 3 and a half million investors participate, 21 lots (215 TL) will be distributed per person.
DMR Unlu Mamuller produces 40 percent of Simit Sarayı’s products and sells the remaining 60 percent to other stores and hotels. It also exports to approximately 30 countries.
The company wants to invest in areas such as machinery and cold chain investments for the production and transportation of frozen products with the supply revenue. According to the information reflected in the press, the company continues its operations without debt. DMR Unlu Mamüller has the naming rights of the Simit Sarayı brand for 30 years.
Borsa Istanbul index BIST 100 started the last day of the week with a decrease of 0.75% at 8,080 points.