SDT, Turkey’s domestic and national technology company in the field of space and defense industry, was offered to the public on 28-29 December 2022 through the consortium formed under the leadership of Info Investment. The public offering was held in Borsa Istanbul with the method of “Demand Collection at Fixed Price”. IPO size of SDT was 392 million TL.
In the field of space and defense industry, 21.12 percent of the domestic and national technology company SDT, which has a strong design, electronic production and test infrastructure, was offered to the public. The public offering was held in Borsa Istanbul on 28-29 December with the “Fixed Price Bookbuilding” method through a consortium of 32 member brokerage houses led by Info Investment, one of Turkey’s innovative brokerage houses. The size of SDT’s public offering amounted to TL 392 million. While 902,098 unfiltered investor applications were made to the public offering, the number of filtered investors was 838,560, and a record number of participants in the public offering with the method of bookbuilding was broken.
The price per share in the public offering was determined as 32 TL. Approximately 2.2 times the allocation amount to Company Employees, approximately 11.2 times the allocation amount to Individual Investors, approximately 36.0 times the allocation amount to Domestic Institutional Investors, 5.8 times the allocation amount to Foreign Institutional Investors, a total of 20.5 times unfiltered. the request came.
1 percent of the company shares offered to the public were allocated to company employees, 49 percent to domestic individual investors, 40 percent to domestic corporate and 10 percent to foreign institutional investors. Equal distribution method was applied for domestic individual investors and company employees. After the public offering, the partnership structure of the company became 74.94 percent Mehmet Dora, 3.94 percent Mustafa Fatih Ünal and 21.12 percent open to the public.
Ömer Korkut: “We will continue to grow steadily with the strength we derive from the public offering”
SDT Space and Defense Technologies Inc. General Manager Ömer Korkut stated that they have positioned themselves as a company in the middle segment in the Turkish defense industry, and that they aim to maintain the stable growth achieved in the last 5 years, that the facilities with a closed area of approximately 4,700 square meters, where the current activities are carried out, are not sufficient for them due to the growth achieved, and that the source obtained from the public offering is approximately 300. He stated that they are planning to implement the new facility, which will have an indoor area of 28,000 square meters, in Ankara HAB, with an investment budget of TL million.
Tarkan Akgül: “We mediated 6 public offerings this year”
Stating that they attach great importance to the public offerings held in order to spread the capital, Tarkan Akgül, General Manager of Info Investment, said, “In line with our goal of creating a global and strong financial ecosystem, we maintain our leading position in the public offering area this year as well. With our quarter-century of experience and our leading role in the sector, we have big targets for each public offering that we carry out brokerage activities. We held one of the last public offerings of this year with SDT, which is our 6th public offering in 2022, where we carry out brokerage activities. SDT attracted great interest from investors and reached an initial public offering of TL 392 million. We would like to thank the Capital Markets Board and Borsa Istanbul, who contributed to the public offering process together with 838,560 investors.”