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Gong rang for Sun Dokuma at Borsa Istanbul!

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The size of the public offering of Sun Tekstil, of which 20.71 percent of the shares were offered to the public, took place on 11-12-13 May, amounting to 729 million 473 thousand 695 liras. A total of 2.5 times the demand came to the public offering. After the gong ceremony, Sun Dokumacılık will start to see the process with the SUNTK code in Borsa Istanbul with the prestige of May 20, 2022.


The public offering process of Sun Tekstil, one of Turkey’s top 500 Industrial Enterprises, was completed with the gong ceremony held in Borsa Istanbul. Borsa İstanbul A.Ş. The ceremony, where General Manager Korkmaz Ergun gave the opening speech, was attended by Sun Weaving Executive Council Leader Elvan Ünlütürk, Sun Weaving Executive Board Deputy Leader Sabri Ünlütürk and mediating the public offering of QNB Finans Yatırım Menkul Bedeller A.Ş. General Manager Pamir Karagöz attended. Sun Dokuma shares will start trading on Borsa Istanbul with the code SUNTK on May 20.


According to the news in Paramarket; During the demand gathering process of the public offering, where the share price was determined as 26 TL, a total of 33,230 investors demanded. Excluding additional sales, requests were received 1.99 times the shares allocated to cluster employees, 0.49 times the shares allocated to individual investors, 3.91 times the shares allocated to high-applicant investors, and 2.35 times the shares allocated to domestic institutional investors.


Sun Dokumacılık, which increased its consolidated turnover to 2.2 billion TL with an increase of 70.3 percent with the prestige of the end of 2021, and exported 93% of its production in 2019, 98% in 2020 and 96% in 2021, became the company of QNB Finance Investment. Securities Incorporated 50-60% of the income obtained from the public offering carried out under the leadership of the consortium will be valued in investments, 15-20% in working capital, 25-30% in reducing the current financing cost and 3-5 % in R&D studies. At least 30% of the distributable profit is planned to be distributed to investors as cash dividends.
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