Kalekim's Public Offering Application Approved

The prospectus application for the public offering of Kalekim, a company from Kale Group, has been approved by the CMB. The public offering, which will be led by Ak Yatırım, will collect bids on 6-7 May at a price range of TRY 13.75–14.75. Equal distribution method will be applied for individual investors in the public offering. Kalekim, a company from Kale Group that obtained prospectus approval from the CMB (Capital Markets Board) as part of its public offering application, is going public. The bid collection dates for Kalekim's public offering are set for 6-7 May 2021, with a price range of TRY 13.75–14.75. Equal distribution method will be applied for individual investors. A consortium of 29 members led by Ak Yatırım is acting as intermediary for Kalekim's public offering. Kalekim, which created the generic brand of the construction chemicals sector and is the leader in the ceramic applications market according to GfK data, brings its products to consumers and professionals in Turkey and more than 80 countries worldwide through its strong distribution network. With the public offering, Kalekim aims to take an important step on the path to sustainable growth by strengthening itself with new partners joining its structure.