Kardemir Steel to List on BIST Star Market under KARCL.E Ticker from July 31 2026

Kardemir Steel Industry Inc. is set to list 128 million TL of its 830 million TL nominal capital on the BIST Star Market under the ticker KARCL.E starting 31 July 2026.

A Steel Titan Enters the Star Market

Borsa Istanbul has approved the allocation of 830 000 000 TL of Kardemir Steel’s shares under Article 8 of the Listing Rules, authorising the public offering of 128 000 000 TL nominal value.

Pricing and Order‑Book Mechanics

■Base price: 35 TL per share

■Maximum order size: 1 000 000 TL

■Trading mode: Continuous trading

■Ticker: KARCL.E

A Strategic Shift in Capital Structure

■Total capital: 830 000 000 TL

■Shares offered: 128 000 000 TL (≈ 15 % of total)

■Remaining free‑float: 702 000 000 TL

■Investor mix: Blend of institutional and retail investors, with notable interest from steel‑focused funds.

Kerem Tufan – Director of Commercial Loans and Central Bank Policies: “This issuance provides a vital liquidity injection for Kardemir Steel amid a tightening SME‑loan environment and elevated policy rates. The modest base price and a capped order size signal a calibrated approach to manage investor risk perception. Banks with exposure to steel‑sector credit should reassess loan provisioning and collateral frameworks in light of the new market depth.”