IPO Information
Bulls Yatırım to lead the IPO of Bulls Girişim Sermayesi Yatırım Ortaklığı (BULGS TI) on February 14–17, 2025, at a fixed price of 12.18 TL via Borsa İstanbul’s Primary Market.
IPO Information Table
IPO Information Table | |
| Company | Bulls Venture Capital Investment Trust Inc. Tablo |
| Stock Code | BULGS |
| Underwriting Method | Best Effort Underwriting |
| Pre-IPO Issued Capital | 200,000,000 TL |
| Post-IPO Issued Capital | 268,000,000 TL |
| IPO Amount and Type | Capital Increase: 68,000,000 TL nominal Shareholder Sale: 4,500,000 TL nominal Total: 72,500,000 TL nominal |
| IPO Size | 883,050,000 TL |
| Free Float Ratio | 27.05% |
| IPO Price | 12.18 TL |
| IPO Dates | February 14-17, 2025 |
| IPO Bookbuilding Method | Off-Exchange Sale – Fixed Price Bookbuilding |
| Trading Market | Main Market |
| Allocation Groups | Domestic Retail Investors: 39,875,000 TL nominal (55%) Domestic Institutional Investors: 29,000,000 TL nominal (40%) Bulls Group Employees: 3,625,000 TL nominal (5%) |
| 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 CMB. |
| Price Stabilization | Up to 30 days from the start of trading on the exchange. |
| Use of IPO Proceeds | The company is expected to net 801,659,898 TL from the IPO. A) Financing of New Venture Capital Opportunities (90%) Investment in Defense Industry Companies (40%) Investment in Companies Operating in Other Sectors (50%) B) Working Capital (10%) |
| 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.