Turkey's SPK approves IPOs for Kardemir Çelik, Şa‑Ra Enerji and other firms

SPK IPO Kardemir Çelik Şa‑Ra Enerji BIST

The Capital Markets Board of Turkey (SPK) gave its green light to four new public offerings. Kardemir Çelik Sanayi A.Ş. will price its shares at 35 TL, while Albayrak Hazır Beton, Masfen Enerji and Metgün Enerji will price at 38.60 TL, 45.68 TL and 20 TL respectively. The board also approved capital‑raise proposals for several leasing and finance companies and authorized new investment funds.

Şa‑Ra Enerji İnşaat Tic. ve San. A.Ş. completed its IPO with strong investor demand—3.77 times the offering size—and will list on Borsa İstanbul under the ticker SARAE on 17 July 2026. Its shares were admitted to eight BIST indices, including BIST All, BIST All‑100 and BIST Yıldız. A gong ceremony at the exchange marked the start of trading, with senior executives and BIST officials in attendance.

Together, the approvals expand Turkey’s capital‑market activity, adding roughly 4.5 billion TL in new equity and diversifying the range of listed companies.