According to a statement made by Ekinciler Demir ve Çelik Sanayi A.Ş. to the Public Disclosure Platform, book-building for the company’s public offering will be held on May 13, 14 and 15, 2026. The share sale price has been set at TRY 45 per share ($0.99/share), while the total public offering size stands at approximately TRY 2.3 billion ($50.7 million).
Within the scope of the public offering, shares with a total nominal value of TRY 52 million ($1.1 million) will be offered to investors. The company’s issued capital will be increased from TRY 280 million ($6.2 million) to TRY 320 million ($7.0 million) as part of the offering. The free float ratio was announced as 16.25 percent, while the public offering discount was stated at 37.72 percent. No price stabilization is planned for the offered shares, while the issuer and shareholders have made a one-year lock-up commitment.
The announcement also included details regarding the use of the proceeds from Ekinciler’s public offering. The company will mainly allocate the proceeds to raw material procurement, working capital, renewable energy investments and green steel-focused modernization projects. Accordingly, 40 percent of the funds will be used for raw material procurement and working capital financing. Meanwhile, 25 percent will be allocated to renewable energy investments and another 25 percent to green steel rolling mill modernization and capacity increase investments at existing production facilities. The remaining 10 percent will be used for investment in a billet welding system.