Bin Ulaşım ve Akıllı Şehir Teknolojileri
Public Offering Led by Bulls Yatırım:
Open an online account now to participate in the IPO!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 |
