Chemistry Giant Goes Public: Gentaş Kimya Secures SPK Approval for 1.3 Billion TL IPO

A new heavyweight is entering Borsa Istanbul’s industrial sector. Gentaş Kimya, a veteran of over 25 years in the chemical industry, has received the green light from the Capital Markets Board (SPK) to launch its Initial Public Offering (IPO). With a target size of 1.37 billion TL, this move is set to provide the company with significant capital for its next phase of global expansion and R&D development.

IPO Mechanics: Fixed Price and Global Ambitions

Led by Deniz Yatırım, the offering will consist of 124,845,000 shares offered at a fixed price of 11 TL per share. The structure includes a capital increase of 84 million TL and the sale of 40.8 million existing shares. Following the transaction, the company’s total capital will rise to 609 million TL, with a projected free float rate of 20.5%.

Where Will the Billions Go? A Strategic Roadmap

Gentaş Kimya has outlined a clear vision for the proceeds of this IPO. According to its draft prospectus, the funds will be allocated as follows:

• 45-55%: Working capital to support operational scaling.

• 15-25%: Expanding into new international markets.

• 15-25%: Reducing financial debt to strengthen the balance sheet.

• 5-15%: Funding high-tech product research and development (R&D).

From Local Expert to Multi-Layered Tech Partner

Operating out of its massive 65,000-square-meter facility in the GEBKİM Chemical Specialized Industrial Zone, Gentaş Kimya produces seven major product groups ranging from formaldehyde solutions to advanced acrylic surfaces. Its products serve critical sectors including automotive, construction, and furniture. By going public, the company aims to solidify its transition from a traditional manufacturer to a global reference point in chemical technologies.