Çitlekçi Mağazacılık Gıda AŞ completes 2.69 billion TL IPO

Çitlekçi Mağazacılık Gıda AŞ has completed its initial public offering (IPO) process, which reached a total size of approximately 2.69 billion TL. The demand for the offering was 7.83 times the total size, with a total nominal demand of 285.7 million TL collected.

Led by a consortium headed by Tera Yatırım, the IPO involved the sale of 36.5 million TL in nominal value shares. The distribution reached a total of 556,728 investors. The allocation was divided as follows: 40 percent to domestic individual investors, 10 percent to high-demand investor groups, 25 percent to domestic institutional investors, and 25 percent to international institutional investors.

Specific demand levels varied by group: the high-demand investor group exceeded its allocation by 35.03 times, domestic institutional investors exceeded theirs by 11.16 times, and international institutional investors exceeded theirs by 3.47 times. The shares are scheduled to begin trading on August 18.