According to a statement made by Ekinciler Demir ve Çelik Sanayi A.
Ş. for the Public Disclosure Platform, preparations for the public offering of the company's shares will take place on May 13, 14 and 15, 2026. The sale price of shares was set at 45 Turkish lira per share ($0.99 per share), while the total size of the public offering is approximately 2.3 billion Turkish lira ($50.7 million).
As part of the public offering, investors will be offered shares with a total nominal value of 52 million Turkish lira ($1.1 million). The company's issued capital will be increased from 280 million Turkish lira ($6.2 million) to 320 million Turkish lira ($7.0 million) as part of the offer. The free float ratio was announced at 16.25 percent, while the public offer discount was stated at 37.72 percent. There are no plans to stabilize the prices of the shares offered, while the issuer and shareholders have committed to a one-year lock-up.
The announcement also included details on the use of proceeds from Ekinciler's public offering. The company will primarily use the proceeds to purchase raw materials, working capital, investments in renewable energy and modernization projects focused on green steel. Accordingly, 40 percent of the funds will be used to purchase raw materials and finance working capital. Meanwhile, 25 percent will be used to invest in renewable energy sources, and another 25 percent will be used to modernize the steel rolling mill and increase investment in existing
