Armada Food to Raise Demand at TL 40.00 on December 25-26-27

Foreks - The Capital Markets Board of Turkey (SPK) has approved the initial public offering (IPO) of Armada Gıda, one of Turkey's largest grain and legume manufacturers. The company will be offered to the public through a broad consortium led by Global Menkul Değerler (IS:GLBMD) and will collect demands at a price of 40.00 TL with the code ARMGD on December 25-26-27 using the "Demand Collection" method.

In the first half of 2024, Global Menkul Değerler, which has already achieved a notable and successful IPO that pleased its investors, aims for a bold IPO to conclude the year.

As of 2023, Armada Gıda ranks 301st on the ISO 500 list, which identifies Turkey's top 500 industrial enterprises. The company accounted for 7.2% of legume product exports and 7.4% of grain product exports in 2023, sourcing products from Southeast Anatolia and Central Anatolia.

With an annual production capacity of 725,000 tons and approximately 70% of its revenue generated through exports, Armada Gıda is also a significant player in the international organic market. The company has an investment plan exceeding $60 million both domestically and internationally and has collaborated with international aid organizations for over 25 years.

Founded in 1990, Global Menkul Değerler has successfully facilitated the IPOs of hundreds of companies, injecting billions of dollars into the market and providing substantial financial support to the Turkish economy since its inception. Together with Armada Gıda, Global Menkul Değerler is conducting this IPO with the mission of broadening capital access and creating a strong investment alternative for Istanbul Stock Exchange investors.