IPO Information
Bulls Yatırım to lead the IPO of Bin Ulaşım ve Akıllı Şehir Teknolojileri (BINBN TI) on October 3–4, 2024, at a fixed price of 91.85 TL via Borsa İstanbul’s Primary Market.
The offering will take place at a fixed price of 91.85 TL, using the "On-Exchange Sale – Fixed Price Bookbuilding" method, between 10:30 AM and 1:00 PM.
IPO Information Table
IPO Information Table | |
| Company | Bin Transportation and Smart City Technologies Inc. |
| Stock Code | BINBN.HE |
| Underwriting Method | Best Effort Underwriting |
| Pre-IPO Issued Capital | 100,000,000 TL |
| Post-IPO Issued Capital | 112,000,000 TL |
| IPO Amount and Type | Capital Increase: 12,000,000 TL nominal Shareholder Sale: 5,000,000 TL nominal Total: 17,00,000 TL nominal |
| IPO Size | 1,561,450,000 TL |
| Free Float Ratio | 15.18% |
| IPO Price | 91.85 TL |
| IPO Dates | October 3–4, 2024 |
| IPO Bookbuilding Method | On-Exchange Sale – Fixed Price Bookbuilding |
| Trading Market | Star Market |
| Allocation Groups | None |
| Lock-up Commitment | Issuer: 1 Year Shareholders: 1 Year (*) For detailed information about commitments, please refer to article 27.3 of the Prospectus approved by the Capital Markets Board (CMB). |
| Price Stabilization | No price stabilization is planned. |
| Use of IPO Proceeds | The company is expected to generate net proceeds of 1,064,273,846 TL from the IPO. Evaluation of Alternative Investment Opportunities (20%) · Purchase of Machinery, Vehicles, Equipment, and Related Goods and Services (30%) · Repayment of Trade Payables and Group Company Debts (30%) · Working Capital (20%) |
| Compliance with Participation Finance Principles | Not compliant |
Legal Disclaimer:
Disclaimer Text: The Capital Markets Board (CMB) and Borsa Istanbul have no discretion or approval authority in the determination of the IPO price. The Prospectus and the Offering Circular, which contain information about the company and the shares to be offered, have been published on the Public Disclosure Platform (www.kap.org.tr), the Company’s website, and the website of the authorized institution. Investors should make their investment decisions by reviewing the Prospectus and Offering Circular available at the specified addresses. The investment information, commentary, and recommendations provided herein do not constitute investment advisory services.