SPK Approves IPOs of Two Firms, Projecting Combined Market Size of 6.46 Billion TL

SPK, in its weekly bulletin, granted approval for the IPO applications of Intetra Technology and Information Services Inc. and Bakırci Real Estate Investment Partnership Inc., inviting market participants to a new investment arena.

Intetra Technology: From 130 Million TL to 160 Million TL

■Current capital 130 million TL will increase to 160 million TL with a 30 million TL capital raise.

■The 10 million TL nominal value B‑class shares will be offered to investors at a fixed price of 53.60 TL.

■If all shares are sold, the IPO is expected to reach a size of approximately 2.14 billion TL.

Bakırci Real Estate: From 501 Million TL to 668 million TL

■Capital 501 million TL will rise to 668 million TL with a 167 million TL increase.

■Shares will be priced at 12.93 TL if the ownership stake is not sold.

■With all shares sold, the expected size is 2.16 billion TL.

Market Value and Investor Appeal

■The combined IPO could reach up to 4.30 billion TL.

■Transactions will be managed by Bulls Investment Securities Inc. and Integral Investment Securities Inc., offering investors a broad portfolio option.

■Both companies possess strong growth potential in the technology and real‑estate sectors.

Liquidity and Sale Conditions

■Intetra’s B‑class shares will be offered at a fixed price of 53.60 TL.

■Bakırci’s shares will be priced at 12.93 TL.

■Both IPOs aim to enhance market liquidity.

Projected Size and Investor Demand

■Intetra’s total IPO size: 2.14 billion TL.

■Bakırci’s total IPO size: 2.16 billion TL.

■Combined, the IPOs could reach 6.46 billion TL.

Markets view these new IPOs as a step toward increasing diversity and liquidity in Turkey’s capital markets, driven by the growth dynamics of the technology and real‑estate sectors. Intetra’s digital infrastructure investments and Bakırci’s housing development projects present attractive opportunities for long‑term investors.