Albayrak Hazır Beton launches IPO on Borsa İstanbul, shares priced at 38.60 TL

Albayrak Hazır Beton, a Turkish ready‑mix concrete and construction firm founded in 2003, opened its initial public offering on Borsa İstanbul. The offer runs on 22‑23 July 2026, with 70 million shares priced at 38.60 TL each, generating a gross proceeds estimate of about 2.7 billion TL. Of the shares, 49 million come from a capital increase and 21 million from a secondary sale.

Proceeds will be allocated to new plant investments (60 %), working‑capital needs for construction projects (20 %), purchase of machinery and equipment (10 %) and debt reduction (10 %). The IPO meets the participation‑index criteria and is listed as eligible for Sharia‑compliant investors. Allocation follows an equal‑distribution method, with the number of lots per investor depending on the total number of participants.

The company’s shares will trade under the ticker “ALBTN”. Albayrak Hazır Beton supplies concrete for metro lines, public‑sector projects and residential developments such as Teraphill 15 and Moon Park Koru, and intends to expand its production capacity using the IPO proceeds.