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Year Book
2021

July

Meditera Tıbbi Malzeme Sanayi ve Ticaret A.Ş. (“The Company”) IPO was completed on June 23-24-25, 2021 by Gedik Yatırım. The company offered a part of their shares representing 20.59% of the current capital to the public. The size of IPO was TL 196.000.000. The shares of the company commenced to be traded in BIST Main on July 02, 2021, at TL 28 per share and with ticker code “MEDTR.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 59%, Employees as Investors 1%, Domestic Institutional Investors 30%, and Foreign Institutional Investors 10%.

June

Başkent Doğalgaz Dağıtım Gayrimenkul Yatırım Ortaklığı A.Ş. (“The Company”) IPO was completed on June 03-04, 2021 by Garanti Yatırım. The company offered a part of their shares representing 25% of the current capital to the public. The size of IPO was TL 1.701.000.000. The shares of the company commenced to be traded in BIST Star on June 11, 2021, at TL 9,72 per share and with ticker code “BASGZ.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 26,82%, Domestic Institutional Investors 13,40%, Employees as Investors 58,64%, and Foreign Institutional Investors 1,14%. Turkey based Torunlar Gıda Sanayi ve Ticaret A.Ş. bought 39,43%, and Torun Kağıt Pazarlama A.Ş. bought 19,10% of the shares.

Oyak Yatırım Menkul Değerler A.Ş. (“The Company”) IPO was completed on June 02-04, 2021 by Oyak Yatırım. The company offered a part of their shares representing 30% of the current capital to the public. The size of IPO was TL 525.930.000. The shares of the company commenced to be traded in BIST Star on June 10, 2021, at TL 18,65 per share and with ticker code “OYYAT.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 35%, Domestic Institutional Investors 41%, and Foreign Institutional Investors 24%.

Ünlü Yatırım Holding A.Ş. (“The Company”) IPO was completed on May 31-June 01, 2021 by Yapı Kredi Yatırım. The company offered a part of their shares representing 26% of the current capital to the public. The size of IPO was TL 314.177.762. The shares of the company commenced to be traded in BIST Star on June 07, 2021, at TL 6,90 per share and with ticker code “UNLU.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 43,14%, Domestic Institutional Investors 46,45%, and Foreign Institutional Investors 10,41%.

ATP Ticari Bilgisayar Ağı ve Elektrik Güç Kaynakları Üretim Pazarlama ve Ticaret A.Ş. (“The Company”) IPO was completed on May 27-28, 2021 by İş Yatırım. The company offered a part of their shares representing 20% of the current capital to the public. The size of IPO was TL 180.000.000. The shares of the company commenced to be traded in BIST Main on June 04, 2021, at TL 24,00 per share and with ticker code “ATATP.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 64,48%, Domestic Institutional Investors 34,63%, and Foreign Institutional Investors 0,89%.

Boğaziçi Beton Sanayi ve Ticaret A.Ş. (“The Company”) IPO was completed on May 26-27-28, 2021 by Vakıf Yatırım. The company offered a part of their shares representing 30% of the current capital to the public. The size of IPO was TL 399.000.000. The shares of the company commenced to be traded in BIST Star on June 03, 2021 at TL 3,50 per share and with ticker code “BOBET.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 60%, Domestic Institutional Investors 30%, and Foreign Institutional Investors 10%.

May

Mercan Kimya Sanayi ve Ticaret A.Ş. (“The Company”) IPO was completed on May 20-21, 2021 by A1 Capital Yatırım. The company offered a part of their shares representing 30,77% of the current capital to the public. The size of IPO was TL 162.606.011,42. The shares of the company commenced to be traded in BIST Main on May 27, 2021 at TL 8,81 per share and with ticker code “MERCN.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 77,49%, Domestic Institutional Investors 22,45%, and Foreign Individual Investors 0,06%. Turkey based Verusa Holding A.Ş. bought 5,4%, VerusaTürk Girişim Sermayesi Yatırım Ortaklığı A.Ş. bought 5,39%, Atlas Menkul Kıymetler Yatırım Ortaklığı A.Ş. bought 5,15%, Metro Yatırım Ortaklığı A.Ş. bought 5,15%, and InvestCo Holding A.Ş. bought 5,04% of the shares.

Kalekim Kimyevi Maddeler Sanayi ve Ticaret A.Ş. (“The Company”) IPO was completed on May 06-07, 2021 by Ak Yatırım. The company offered a part of their shares representing 30% of the current capital to the public. The size of IPO was TL 509.000.000. The shares of the company commenced to be traded in BIST Star on May 18, 2021 at TL 14,75 per share and with ticker code “KLKIM.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 62,32%, Domestic Institutional Investors 31,74%, Employees as Investors 1,64%, and Foreign Institutional Investors 4,30%.

Penta Teknoloji Ürünleri Dağıtım Ticaret A.Ş. (“The Company”) IPO was completed on May 06-07, 2021 by İş Yatırım. The company offered a part of their shares representing 48,34% of the current capital to the public. The size of IPO was TL 588.120.064. The shares of the company commenced to be traded in BIST Star on May 17, 2021 at TL 32 per share and with ticker code “PENTA.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 18,99%, Domestic Institutional Investors 81,01%

Ziraat Gayrimenkul Yatırım Ortaklığı A.Ş. (“The Company”) IPO was completed on April 28-30, 2021 by Ziraat Yatırım. The company offered a part of their shares representing 25% of the current capital to the public. The size of IPO was TL 1.877.448.000. The shares of the company commenced to be traded in BIST Star on May 06, 2021 at TL 1,60 per share and with ticker code “ZRGYO.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 68%, Employees as Investors 7%, and Domestic Institutional Investors 25%.

April

Çan2 Termik A.Ş. (“The Company”) IPO was completed on April 21-22, 2021 by Halk Yatırım and Vakıf Yatırım. The company offered a part of their shares representing 23,23% of the current capital to the public. The size of IPO was TL 289.961.100. The shares of the company commenced to be traded in BIST Star on April 30, 2021 at TL 3,90 per share and with ticker code “CANTE.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 45,5% and Domestic Institutional Investors 54,5%. Turkey based Terra Portföy Yönetim A.Ş. bought 18,02% and Re-Pie Portföy Yönetim A.Ş.bought 17.14% of the shares.

Aydem Yenilenebilir Enerji A.Ş. (“The Company”) IPO was completed on April 19-22, 2021 by İş Yatırım. The company offered a part of their shares representing 15,6% of the current capital to the public. The size of IPO was TL 1.287.000.000. The shares of the company commenced to be traded in BIST Star on April 29, 2021 at TL 9,90 per share and with ticker code “AYDEM.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 79,9%, Domestic Institutional Investors 18,3% and Foreign Institutional Investors 1,8%.

Biotrend Çevre ve Enerji Yatırımları A.Ş. (“The Company”) IPO was completed on April 19-21, 2021 by Deniz Yatırım ve TSKB. The company offered a part of their shares representing 27,8% of the current capital to the public. The size of IPO was TL 750.000.000. The shares of the company commenced to be traded in BIST Star on April 28, 2021 at TL 18 per share and with ticker code “BIOEN.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 80%, and Domestic Institutional Investors 20%.

Galata Wind Enerji A.Ş. (“The Company”) IPO was completed on April 15-16, 2021 by Garanti Yatırım. The company offered a part of their shares representing 20% of the current capital to the public. The size of IPO was TL 811.018.951,48. The shares of the company commenced to be traded in BIST Star on April 22, 2021 at TL 5,06 per share and with ticker code “GWIND.E”. The total shares in IPO allocated as follows: Domestic Individual Investors 48%, Domestic Institutional Investors 26,7%, Employees as Investors 1%, Foreign Institutional Investors 24,4%. UK based Goldman Sachs International bought 5,05%, and Norway based Norges Bank Investment Management (Government of Norway) bought 6,01% of the shares.

Qua Granite Hayal Yapı ve Ürünleri Sanayi Ticaret A.Ş. (“Qua Granite”) IPO was completed on April 05-06, 2021 by İnfo Yatırım. The company offered a part of their shares representing 20% of the current capital to the public. The size of IPO was TL 395.040.000. The shares of the company commenced to be traded in BIST Star on April 09, 2021 at TL 16,46 per share and with ticker code “QUAGR.E”. The total of TL 24.000.000 nominal valued shares in IPO allocated as follows: Domestic Individual Investors 99,87%, Domestic Institutional Investors 0,01%, Foreign Individual Investors 0,12%.

Tureks Turizm Taşımacılık A.Ş. (“Tureks Turizm”) IPO was completed on April 01-02, 2021 by Oyak Yatırım. The company offered a part of their shares representing 20,83% of the current capital to the public. The size of IPO was TL 270.000.000. The shares of the company commenced to be traded in BIST Main on April 08, 2021 at TL 12,00 per share and with ticker code “TUREX.E”. The total of TL 22.500.000 nominal valued shares in IPO allocated as follows: Individual Investors 99,9949%, Institutional Investors 0,0051%.

Matriks Bilgi Dağıtım Hizmetleri A.Ş.’s (“Matriks”) IPO was completed on March 30-31, 2021. The company offered a part of their shares representing 38,05% of the current capital to the public. The size of IPO was TL 207.759.440. The shares of the company commenced to be traded in BIST Star on April 6, 2021 at TL 28,00 per share and with ticker code “MTRKS .E”. The total of TL 7.419.980 nominal valued shares in IPO allocated as follows: Domestic Individual Investors 99,989% with TL 7.419.157 nominal value, Domestic Institutional Investors 0,011%, with TL 823 nominal value.

Naturelgaz Sanayi ve Ticaret A.Ş. ("Naturelgaz")’s IPO was completed on March 25-26, 2021. The company offered a part of their shares representing 27,3% of the current capital to the public. The size of IPO was TL 293.250.000. The shares of the company commenced to be traded in BIST Star on April 1, 2021 at TL 8,50 per share and with ticker code “NTGAZ.E”. The total of TL 34.500.000 TL nominal valued shares in IPO allocated as follows: Domestic Individual Investors 60% with TL 20.700.000 nominal value, Domestic Institutional Investors 30%, with TL 10.350.000 nominal value, Domestic Institutional Investors 30%, with TL 10.350.000 nominal value and Foreign Institutional Investors 10% with TL 3.450.000 nominal value. Norway based Norges Bank Investment Management (Government of Norway) bought 8,3% of the shares.

March

IPO of TURK İlaç ve Serum Sanayi A.Ş. was completed on February 25-26, 2021 with the leadership of OYAK Yatırım. The company offered a part of their shares representing 33% of the current capital to the public. The shares of the company commenced to be traded in BIST Star on March 5, 2021 at TL 10,00 per share and with ticker code “TRILC.E”. The size of IPO was TL 234.500.000. According to the result of IPO share allocations as follows: Domestic Institutional Investors 40,9% with TL 9.592.500 nominal value, Domestic Individual Investors 35% with TL 8.207.500 nominal value, and Foreign Institutional Investors 24,1% with TL 5.650.000 nominal value. Tera Portföy Yönetimi A.Ş. bought 8,5% and the United Arab Emirates based ME Proformaa Management Consultancy bought 7,2% of the shares.

2020

December

IPO of Arzum Elektrikli Ev Aletleri Sanayi ve Ticaret A.Ş. was completed on December 17-18, 2020. The company offered a part of their shares representing 41.31% of the current capital to the public. The shares of the company commenced to be traded in BIST Star on December 24, 2020 at TL 17,00 per share and with ticker code “ARZUM.E”. The IPO of shares with a nominal value of TL 15.302.446 was led by Yapı Kredi Yatırım. According to the result of IPO, share allocations as follows: Domestic Individual Investors 70,8%, Domestic Institutional Investors 28,2%, and Company Employee Investors 1%.


IPO of Kervan Gıda Sanayi ve Ticaret A.Ş. was completed on November 26-27, 2020. The company offered a part of their shares representing 28% of the current capital to the public. The shares of the company commenced to be traded in BIST Star on December 24, 2020 at TL 9,00 per share and with ticker code “KRVGD.E”. The total of TL 51.750.000 nominal valued shares in IPO allocated as follows: Domestic Individual Investors 33% with TL 17.100.000 nominal value, Domestic Institutional Investors 48%, with TL 24.750.000 nominal value, and Foreign Institutional Investors 19% with TL 9.900.000 nominal value. Norwey based Norges Bank Investment Management (Government of Norway) bought 7,7% of the shares.

October

IPO of Esenboğa Elektrik Üretim A.Ş. was completed on October 1-2, 2020 by Metro Yatırım Menkul Değerler A.Ş. The nominal value of shares was TL 24.000.000. Company’s capital was increased form TL 40.000.000 to TL 64.000.000 The shares of the company commenced to be traded in BIST Star on October 9, 2020 at TL 8,50 per share and with ticker code “ESEN.HE”. The company offered a part of their shares representing 37% of the current capital to the public. The size of IPO was TL 204.000.000. According to the result of IPO, share allocations as follows: Domestic Individual Investors 99,82% with TL 23.956.550 nominal value, Domestic Institutional Investors 0,07%, with TL 16.007 nominal value, Foreign Individual Investors 0,11% with TL 27,233 nominal value, and Foreign Institutional Investors 0,00% with TL 210 nominal value.

September

Moody’s downgraded Turkey’s credit rating from “B1” to “B2”, outlook remained “negative”.

     

2019

July

On 12 July 2019, Fitch Ratings has downgraded Turkey's Long-Term Foreign-Currency Issuer Default Rating to 'BB-' from 'BB' with a Negative Outlook. 

June

On 14th June, 2019, International credit rating agency Moody’s downgraded Turkey’s credit rating to “Ba3” from “Ba1”

2018

August

On 17th August, 2018, International credit rating agency Moody’s downgraded Turkey’s credit rating to “Ba3” from “Ba2” with “negative” outlook and the rating agency S&P downgraded the rating by one notch to B+ from BB- and kept Turkey's outlook at stable

July

On 13th March, 2018, International credit rating agency Fitch  downgraded Turkey’s credit rating to “BB+” from “BB-” with “negative” outlook.

Turkey's credit rating  report card:

June

Two Companies in Turkey win Extel Investor Relations Award 

The result of Extel’s “Best Practices in Investor Relations 2018” survey was announced. According to result of the survey, in which leading brands operating in different sectors from Europe and Turkey participate, in Turkey rankings, Akbank and TAV Airports Holding win awards of best practices in Investor Relations. 

Extel, the leading source of Pan-European opinions amongst the investment community today announced the results of the 45th annual Extel survey. The pan-European survey highlights achievement across the buy-side, sell-side and corporate communities.This year the leading pan-European survey received votes from over 2600 fund managers, 240 brokerage firms and over 1100 quoted companies worldwide, with a total of 11333 professionals taking part.

According to survey:

  • Best Corporate for IR in Turkey: Akbank
  • Best IR Professional in Turkey: Ebru Güvenir, Akbank
  • Best CFO for IR in Turkey:  Burcu Geris, TAV Airports Holding
  • Best CEO for IR in Turkey: Hakan Binbasgil, Akbank

TÜYİD Chairperson and TAV Airports Holding Co. Investor Relations Director Nursel İlgen, CFA made a statement about the rankings: “The investor relations role and profession, which may be considered a fairly new profession, has transformed itself into a global profession and a strategic management responsibility. This is happening in an environment where the information is moving rapidly and where market pricing is carried out in a high-speed market that includes algorithmic solutions. I congratulate all ranked IROs for their contribution to development of our profession and capital markets. Hereby, I would like to emphasize the necessity to invest in investor relations today where transparency and accountability are so important in Capital Markets. As Turkish IR Society, we will continue to award the best practices at our Summit which will be held in 12th December 2018.”

David Enticknap, Managing Director & Head of Extel said: “Extel 2018 presented unique challenges, set against dual headwinds of regulatory change and a contracting industry. MiFID II has increased transparency between sell-side firms and their buy-side clients; but pressure to increase performance and reduce budgets makes identifying excellence more valuable than ever before. These trends, coupled with improvements made to our service, have driven increased demand for a different approach to understanding what clients really value.

May
  • The IPO of Şok Marketler Ticaret A.Ş. was completed on May 8-11, 2018 and Garanti Yatırım was the consortium leader, Yapı Kredi Yatırım was the co-leader in the IPO. The shares of the company commenced to be traded in group A and BIST MAIN on May 18, 2018 at TL 10.5 per share and with ticker code “SOKM.E”. The company offered a part of their shares representing 37.8 percent of the current capital to the public. The size of IPO was TL 2 billion 294 million and the company’s market capitalization was realized at TL 6 billion 74 million. According to the result of IPO, share allocations as follows: Foreign Institutional Investors 85%, Domestic Individual Investors 7.5% and Domestic Institutional Investors 7.5%. Shares were allocated among large foreign investors such as UK based Genesis Investment Management (15.60%), UK based European Bank for Reconstruction&Development (15.54%), USA based Neuberger & Berman (P) (9.15%) and other UK Based fund management companies  GIC Private Limited (6.18%), Schroder Investment Management Ltd (5.49%), Blackrock AM UK London (5.30%)

  • On May 1, 2018, Standard & Poor's credit rating downgrades Turkey’s sovereign ratings to  “BB-“ from “BB” in foreign currency terms and “BB” from “BB+” in domestic currency terms. The agency set Turkey’s outlook as stable. 

Turkey's credit rating  report card:

March
  • On 7th March, 2018, International credit rating agency Moody’s downgraded Turkey’s credit rating to “Ba2” from “Ba1” with stable outlook.

Turkey's credit rating  report card:

February
  • The IPO of Enerjisa Enerji A.Ş. was completed on February 1-2, 2018 and Ak Yatırım was the consortium leader in the IPO.  The shares of the company commenced to be traded in group A and BIST STAR on February 8, 2018 at TL 6.25 per share and with ticker code “ENJSA.E”. The company offered a part of their shares representing 20 percent of the current capital to the public. The size of IPO was TL 1 billion 476 million and the company’s market capitalization was realized at TL 7 billion 380 million. According to the result of IPO, share allocations as follows: Foreign Institutional Investors 76.5%, Domestic Individual Investors 8.5% and Domestic Institutional Investors 15.0%. Shares were allocated among large foreign investors such as Blackrock (8.23%), Fidelity Management & Research (7.29%), and Moon Capital (5.64%).

  • The IPO of MLP Sağlık Hizmetleri A.Ş. which incorporates the brands of Liv Hospital, VM Medical Park was completed on February 1-2, 2018 and February 5-6, 2018 and Ak Yatırım was the consortium leader in the IPO. The shares of the company commenced to be traded in group A and BIST STAR on February 13, 2018 at TL 19.0 per share and with ticker code “MPARK.E”. The company offered a part of their shares representing 36.2 percent of the current capital to the public. The size of IPO was TL 1 billion 384 million and the company’s market capitalization was realized at TL 3 billion 827 million. According to the result of IPO, share allocations as follows: Foreign Institutional Investors 83.5%, Domestic Individual Investors 8.25% and Domestic Institutional Investors 8.25%. Shares were allocated among large foreign investors such as Singapore based Temasek Holdings Private Limited (15.71%), UK based Genesis Investment Management (11.62%), Charlemagne Capital Limited (10.26%), Carrhae Capital (8.29%), Alliance Bernstein (6.98%), USA based Goldman Sachs Asset Management (5.8%) and UAE based East Capital Asset Management (5.34%).

January
  • The IPO of Trabzon Liman İşletmeciliği A.Ş was completed on January 18-19, 2018 and Deniz Yatırım was the consortium leader in the IPO. The shares of the company commenced to be traded in group A and BIST MAIN on January 24, 2018 at TL 15.5  per share and with ticker code “TLMAN.E”. The company offered a part of their shares representing 30 percent of the current capital to the public. The size of IPO was TL 97.7 million and the company’s market capitalization was realized at TL 325.7 million. According to the result of IPO, share allocations as follows:  Domestic Individual Investors 85.0% and Domestic Institutional Investors 15.0%.

2017

June
  • The IPO of Mavi Giyim Sanayi ve TİCARET A.Ş was completed on June 8-9, 2017 and İş Yatırım was the consortium leader in the IPO. The shares of the company commenced to be traded in group A and BIST STAR on June 15, 2017 at TL 43.0 per share and with ticker code “MAVI.E”. The company offered a part of their shares representing 55 percent of the current capital to the public. The size of IPO was TL 1 billion 174 million and the company’s market capitalization was realized at TL 2.14 billion. According to the result of IPO, share allocations as follows: Foreign Institutional Investors %73.9, Domestic Individual Investors %7.2 and Domestic Institutional Investors %18.9. Shares were allocated among large foreign investors such as Temasek Holdings (Private) Limited (10.11%), Templeton Inv Counsel LLC (%10.11), Universities Superannuation Scheme Ltd (%8.84), Carrhae Capital LLP (%7.58), Charlemagne Capital (Iom) Ltd (%7.58), Neuberger Berman Inv Advisers (%7.58), Abu Dhabi Inv Authority (Adia)(%6.53). 

May
  • The sale of Sabancı Holding shares with a nominal value of TL 100 million has been completed by Sabancı Family. From some of the Sabancı Family members sold their shares with a price TL 11.1 by 4% discounts at 24th of May. Sold shares were allocated amongst 21 foreign institutional investors. 
  • Following the material event disclosures on 25th of May, the sale of 4.22% of Koç Holding shares (with a nominal value of TL 107 million) from some of the Koç family members (Mustafa Rahmi Koç, Suna Kıraç, Mehmet Ömer Koç, Yıldırım Ali Koç and successors of Mustafa Vehbi Koç (Caroline Nicole Koç)) amounting to 15.42% in total has been completed via an accelerated book building to international institutional investors. The sale price was TL 15.87 for a share with TL 1 nominal value. Consequently, Koç Family and the companies controlled by Koç Family members hold 64.29% of Koç Holding shares and the free float rate increased to 26.46%.

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