A telecommunications company that draws attention with its innovative solutions and engineering power that shapes the future of its sector and operates locally and globally. Odinetook one of its revolutionary steps and started the process of going public. Here are all the details…
Odine’s solutions include technologies such as software-defined networks, virtualization and cloudification. With these solutions, it builds a sustainable future by transforming its customers’ traditional infrastructures and helps global telecom companies create world-class sustainable networks. The company already stands out in the industry with its 20 years of experience, more than 170 global customers and 25 technology partners.
Odine CEO Alper Tunga Burak says that the telecommunications industry is at an important turning point in the digital transformation wind and that Odine Technology is a key player that can move from Turkey to the global arena in this transformation. A large part of the income from the public offering will be used in overseas investments. This will strengthen Odine’s presence in the global market and increase its capacity to innovate further.
Odine’s We saw that its public offering attracted attention from the first day at Borsa Istanbul in 2024. The paid-in capital of the company will reach 110 million 500 thousand lira after the public offering. The free float rate will be at 40 percent.
Therefore, in general, Odine plans to use the IPO proceeds for overseas growth strategies, working capital and new product developments. At the same time, it will contribute to the technological development of the country by playing an important role in the development of Turkey’s 5G infrastructure. In short, the company manages to strengthen its position as a global technology contractor and offers its investors the opportunity to become partners.
Odine Solutions Technology Trade and Industry Inc. It will collect public offering requests between 13 and 15 March. The sale of company shares will continue until 17.00 on Friday, March 15, and T1 and T2 balances will not be available for share requests.
The public offering will be at 30 lira per share with a nominal value of 1 lira. If 2 million people participate during the book building period, it is expected to yield 14 lots, and if 3 million people participate, 9 lots are expected. If there are 2 million 500 thousand people, 11 Lots will be 330 TL, if there are 3 million people, 9 Lots will be 270 TL, if there are 3 million 500 thousand people, 8 Lots will be 240 TL, and if there are 4 million people, 7 Lots will be 210 TL.
| Issuer | Odine Solutions Technology Trade Inc. |
| Public Offering Date | 13 – 14 – 15 March 2024 |
| Order Collection Hours | Through bank channels; On Wednesday, March 13, 2024, 09:00-23:50, On Thursday, March 14, 2024, 09:00-23:50, Request collection will be held on Friday, March 15, 2024 between 09:00-17:00 |
| Pre-IPO Capital | 88.400.000 TL |
| Public Offering Structure | Capital Increase: 22.100.000 Nominal (50%) Partner Sales: 22,100,000 (50%) |
| Free Float Rate | 40.00% |
| Upsell | There is no |
| IPO Price | 30.00 TL |
| IPO Size | 1.326.000.000 TL |
| Allocation Distribution* | 60% Domestic Individual Investors 35% Domestic Institutional Investors 5% Foreign Institutional Investors |
| Distribution Method | Equal Distribution to Domestic Individual Investors |
| Commitment Not to Sell | 1 year for company and partners |
| Price Stability | It is planned to be carried out over 15 days. |
Source link: https://shiftdelete.net/tum-detaylariyla-odine-halka-aciliyor
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