Aydem Energy’s Expectation From Its IPO Is 1 Billion TL

Aydem Energy's expectation from its IPO is 1 billion TL. The book building process of the company will begin on April 19th.

İdris Küpeli, Chairman of Aydem Renewable Energy and CEO of Aydem Energy, which is preparing to go public, stated that the company aims to double its installed power in five years. Aydem Renewable Energy held an online press conference to inform about the public offering process. The book building process for the public offering of the company will begin on Monday, April 19th and end on Thursday, April 22nd. It was stated that the price range per share was determined as 8.50 - 9.90 TL and an income of 1 billion TL was targeted in the public offering to be made by proportional distribution method. The company's CEO, Küpeli, said the following on the subject: “In connection with global trends and the economic needs of our country, production with renewable resources is even more important and promising. Accordingly, we think that we are in a suitable period for public offering. The size of the public offering will range from TL 1.1 billion to TL 1.3 billion with the sale of additional shares, and the free float rate will be 18.44 percent with the sale of additional shares. Our goal is to reach 2,000 MW by doubling the power of our portfolio within 5 years. The compound annual growth rate of 20 percent that our company has shown in the last 13 years proves how accessible our 5-year target is for us. We see Turkey's future as the future of renewable energy. In this direction, we will continue to produce renewable energy. "