Kardemir Çelik shares fully subscribed in 4.48 bn TL IPO

Kardemir Çelik Sanayi A.Ş. completed its public offering of shares worth 4.48 billion Turkish lira. The fixed‑price request period ran on 22‑24 July 2026, with a per‑share price set at 35 TL. All 128 million TL of nominal‑value shares were sold, generating demand of about 4.28 times the planned amount.

The offering attracted 814,853 investors: roughly 813,950 individual domestic investors, 104 domestic institutions, 11 foreign institutions and 788 “high‑demand” investors. Individual investors submitted a demand of 70.7 billion TL, high‑demand investors 172.1 million TL, domestic institutions 242.6 million TL and foreign institutions 62.2 million TL. Allocation was made proportionally, with individual investors receiving 51.2 million TL (40 %), high‑demand investors 12.8 million TL (10 %), domestic institutions 38.4 million TL (30 %) and foreign institutions 25.6 million TL (20 %). The shares are expected to begin trading on the Turkish stock exchange the following week.