Imas Makina, which exports grain milling and feed mill machinery, band saw products and steel structure systems, and also offers turnkey integrated factory solutions, is offered to the public.

The company is a subsidiary of İttifak Holding that has been operating in the machinery sector for 33 years that prides itself in being one of the leading companies in the sector.

The book-building dates for the public offering of İmaş Makina, whose application was approved by the Capital Markets Board, were determined as 20-21-22 April 2022.

The application made for the public offering of the company shares of Imas Makina Sanayi AŞ, has been approved by the Capital Markets Board. The price of the public offering, which will be held through the 'fixed price bookbuilding and best effort mediation method', was determined as 15 TL (TL = Turkish Lira with 100 TL ~ US$6.82) for a share with a nominal value of 1 TL.

The total size of the public offering
In order to produce and establish turnkey facilities and machines used in the production of flour and semolina of grains such as wheat, corn, rye, oats and barley, Imas was established in 1989 within the body of İttifak Holding.

Today, it exports to more than 100 countries in five continents with its production and sales activities under the brands of Milleral in the grain milling industry, Viteral in the feed milling industry, Cuteral in the band and circular saw benches industry, and Steral in the steel construction industry, and ProSupport in spare parts and service.

In the public offering of İmaş Makina, shares with a nominal value of 7million (m) TL to be issued by increasing the issued capital of the company from 30m TL to 37m TL, as well as shares with a nominal value of 7m TL owned by the current partner İttifak Holding.

After the sale of shares with a total nominal value of 14m TL through capital increase and joint sales of İmaş Makina, the company's free float rate will be 37.84 percent, while the total size of the public offering will be 210m TL.

Increasing production capacity, competitiveness & market share
"As Imas, we are a company that closely follows technology and makes significant investments and continuous R&D studies to keep its quality up-to-date at all times,' says Tayfun Bora Kumru, Chairman of the Board of Directors of Imas Makina, who mentions that Imas Makina's capital structure will be further strengthened and its production capacity will be increased with the proceeds of public offering.

'Today, we export to more than 100 countries in five continents with our production and sales activities with our brands Milleral in the grain milling industry, Viteral in the feed milling industry, Cuteral in the band and circular saw benches industry, Steral in the steel construction industry, and ProSupport in spare parts and service,' adds Mr Kumru.

'We will further strengthen our equity and financial structure with the income we will obtain from the public offering. We aim to increase our competitive power with capacity increase, advance raw material supply and technology renewals, to increase our share in both domestic and foreign markets and to better introduce ourselves in new markets,' he concludes.

For more information about Imas Machinery visit the website, HERE.

 

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