Imas Machinery, which
exports grain milling and feed mill machinery, band saw machines and steel
structure systems, and also offers integrated milling solutions, is offered to
the public. The book-building dates for the public offering of the company,
whose application has been approved by the Capital Markets Board, were
determined as 20-21-22 April 2022.
The price of the public offering, which will be held through the "fixed price bookbuilding and best effort mediation method", was determined as 15 TL for a share with a nominal value of 1 TL.
THE TOTAL SIZE OF THE
PUBLIC OFFERING WILL BE 210 MILLION TL
Imas, which was established in 1989 within the body of Ittifak Holding, in order to produce and establish turnkey facilities and machines used in the production of flour and semolina of grains such as wheat, corn, rye, oats and barley; Today, it exports to more than 100 countries in 5 continents with its production and sales activities under the brands of Milleral in the grain milling industry, Viteral in the feed milling industry, Cuteral in the band and circular saw benches industry, and Steral in the steel construction industry, and ProSupport in spare parts and service. In the public offering of Imas Machinery, shares with a nominal value of 7 million TL to be issued by increasing the issued capital of the company from 30 million TL to 37 million TL, as well as shares with a nominal value of 7 million TL owned by the current partner Ittifak Holding. After the sale of shares with a total nominal value of 14 million TL through capital increase and joint sales of Imas Machinery, the company's free float rate will be 37.84%, while the total size of the public offering will be 210 million TL.
‘We aim to further
increase our production capacity, competitiveness and market share’
Tayfun Bora Kumru, Chairman of the Board of Directors of Imas Machinery, underlines that the company’s capital structure will be further strengthened and its production capacity will be increased with the proceeds of public offering. "As Imas, we are a company that closely follows technology and makes significant investments and continuous R&D studies to keep its quality up-to-date at all times. Today, we export to more than 100 countries in 5 continents with our production and sales activities with our brands Milleral in the grain milling industry, Viteral in the feed milling industry, Cuteral in the band and circular saw benches industry, Steral in the steel construction industry, and ProSupport in spare parts and service,”says Mr. Kumru. “We will further strengthen our equity and financial structure with the income we will obtain from the public offering. We aim to increase our competitive power with capacity increase, advance raw material supply and technology renewals, to increase our share in both domestic and foreign markets and to better introduce ourselves in new markets.”