The public offering application of Vişne Madencilik Üretim Sanayi ve Ticaret A.Ş., a subsidiary of Öztüre Holding with 72 years of experience in the mining sector, has been approved by the Capital Markets Board of Turkey (CMB).
In the public offering process to be carried out under the leadership of Tera Yatırım, 20.51% of the company’s capital will be offered for sale through a fixed price book-building method. The countdown has begun for the public offering of Vişne Madencilik, which operates in the mining sector.
The company was founded in 1952 in the Bergama district of İzmir by its founder Nihat Mithat Öztüre. Its public offering application has been approved by the CMB.
In the public offering:
– 17 million TL nominal value shares will be offered through a capital increase,
– 7 million TL nominal value shares will be offered through shareholder sales,
bringing the total nominal value of shares to be offered to 24 million TL.
The public offering will be carried out by the consortium formed under the leadership of Tera Yatırım using the “Fixed Price Book-Building” and “Best Effort” methods.
Following the public offering, the company’s capital will increase from 100 million TL to 117 million TL.
The share price per unit has been set at 37.44 TL.
The total size of the public offering is expected to reach 898 million 560 thousand TL, with a free float ratio projected at 20.51%.
The company’s shares are planned to be traded on the Borsa Istanbul (BIST) Main Market.
In line with the Board of Directors’ resolution regarding the additional production line investments that started in 2024 and will be completed in 2026, all proceeds from the public offering of newly issued shares through the capital increase will be used for tangible fixed asset investments aimed at increasing capacity.
Use of Public Offering Proceeds:
– Establishment of the Raw Material Preparation (Crushing-Screening) Plant, all supporting equipment and infrastructure for the Çelemli Facility: 40%–45%
– Establishment of Hydraulic Lime Mixing Line at Çelemli Facility: 3%–7%
– Slaking and Wrapping Facility, Jumbo Bag Filling, Packaging and Palletizing Plant at Narlı Facility (including silos and all equipment): 8%–10%
– Micronized Lime Grinding Line and Equipment Installation at Narlı Facility: 19%–23%
– Cash Requirements for Financing Ongoing New Investments: 20%–25%
