Albayrak Ready Concrete Unveils 2.7 Billion TL IPO, Aiming to Reinvent Construction Supply

Albayrak Ready Concrete Industry & Trade Co. Ltd., with SPK approval, is set to offer 70 million lots at a fixed price of 38.60 TL, targeting a 2.7 billion TL IPO.

IPO Blueprint: 70 Million Shares at 38.60 TL

■Total 70 million lots (49 million new capital + 21 million existing share sale)

■28% public offering ratio

■Capital rises from 201 million TL to 250 million TL

Shareholder Roll‑Call: Family‑Led Sale

■Erdal, Şeref, and Osman Albayrak each sell 7 million lots

■All 21 million lots come from current owners

Financial Pulse: Revenue & Profit Highlights

■Gross profits for 2021‑2023: 341.5 million TL, 534.2 million TL, 138 million TL respectively

■Annual production capacity: 633,600 m³

■Net proceeds earmarked for growth investments

Expansion Engine: New Plants & Projects

■New ready‑concrete plant on Istanbul’s Anatolian side

■Funding for Moonpark Koru, Teraphill 15, Teraphill Loft, and Villa Rise projects

Post‑Listing Constraints & Liquidity

■1‑year lock‑up on shares

■No increase in circulating shares after listing

■Pricing stability and index‑participation details pending

Caner Yılmaz: Albayrak’s IPO directly addresses Turkey’s infrastructure and housing demand. The fixed price and equal distribution boost investor confidence, while the one‑year lock‑up preserves market stability. This move will reshape competition in the concrete sector and expand the company’s market share over the long term.