Albayrak Hazır Beton completes public offering, raises 2.7 billion TL

Albayrak Hazır Beton, a Turkish ready‑mix concrete producer, completed a public offering that raised 2.702 billion Turkish lira. Shares were sold at a fixed price of 38.60 TL each, resulting in a public float of 28 %.

The issue attracted 549,211 investors, with 94.42 % of allocations going to domestic individual investors, 5.41 % to domestic institutional investors, and a small 0.16 % to foreign individuals. The IPO was led by Tacirler Menkul Değerler and listed on Borsa İstanbul's primary market.

Board Chairman Erdal Albayrak said the capital will be used to expand production capacity, fund new investments, strengthen working capital and support sustainable growth, employment and Turkey’s urban‑transformation goals.