ISTANBUL — Shares offered in the initial public offering (IPO) of Empa Elektronik received demand totaling approximately 9.3 times the planned allocation, making it the most in-demand offering among retail investors for 2025 and 2026.
During the book-building process, total demand reached 354.3 million shares in nominal value for the 38 million shares offered, with allocations made to 1,134,537 investors.
Strong Retail and Institutional Demand
A total of 1,173,565 domestic retail investors submitted demand for roughly 113 million shares — about five times the allocated portion for retail investors. Of this demand, 22.8 million lots were met.
Meanwhile, 293 domestic institutional investors placed orders for 240.6 million shares, representing approximately 15.8 times the allocated institutional quota. Of that demand, 15.2 million lots were fulfilled.
Of the total investors receiving allocations, 1,134,244 were domestic retail investors and 293 were domestic institutional investors.
IPO Details
The IPO was led by Halk Yatırım, with book-building conducted on January 19–20 at a fixed price of TRY 22 per share.
The total size of the offering reached TRY 836 million, with a free float ratio of 22.35%. Allocation ratios were set at 60% for domestic retail investors and 40% for domestic institutional investors.
Empa Elektronik shares, which comply with participation index criteria, are scheduled to begin trading on February 26 on Borsa Istanbul Main Market under the ticker symbol “EMPAE.”
“We Will Grow Together with Our Investors”
Empa Elektronik CEO Murat Sarpel described the IPO as a historic milestone for the company and said they were proud to complete the process with record demand.
“The strong interest we received in the IPO is a powerful indicator of the confidence placed not only in Empa Elektronik but also in the technology sector and the Turkish economy,” Sarpel said.
He added that the company would accelerate its technology and R&D investments and expand its domestic and international sales and marketing network with the support of its new shareholders.
“Our primary goal is to ensure that our investors benefit to the fullest extent as we continue to grow the company,” he said.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök