Gülermak Is the Latest Valuable Company to Join the Borsa Istanbul Family

GÜLERMAK Heavy Industry Construction and Contracting Inc., for which we at Danista Capital Partners served as IPO advisors, went public with the ringing of the bell at Borsa Istanbul.

Since 1958, GÜLERMAK has been delivering prestigious transportation and infrastructure projects in Turkey, Poland, Sweden, the United Arab Emirates, India, Romania, the Philippines, and North Macedonia, leveraging state-of-the-art technologies and advanced engineering expertise. Having ranked among the top 20 in the world’s largest Public Transportation and Railway Contracting Firms list for the past five years, the Company executes turnkey infrastructure and industrial construction projects worldwide.

We advised GÜLERMAK on what was the largest initial public offering (IPO) of the past year, with a total offering size of 4,845,000,000 TL; the company received 3.2 times the demand for the shares it offered. On January 17, 2025, Gülermak Heavy Industry Construction and Contracting Inc. (GLRMK) began trading on the BIST Star Market following the gong ceremony at Borsa Istanbul.

Summary information about GÜLERMAK Heavy Industry Construction and Contracting Inc.:
IPO Size: 4,845,000,000 TL
Public Float Ratio: 12.01%
IPO Share Price: 125 TL