Ulusoy Elektrik İmalat Taahhüt ve Ticaret A.Ş., a leading company of the electro-mechanical sector with its 30-year experience, predominantly local-design products, and high production volume, started being traded on Borsa İstanbul with the ticker code “ULUSE” at a price of TL 14
The shares of Ulusoy Elektrik İmalat Taahhüt ve Ticaret A.Ş. started being traded in Borsa İstanbul with the ticker code “ULUSE” at a price of TL 14 on November 21, 2014. The company was founded in 1985 and is engaged in producing the equipment used in the transmission and distribution of electricity.
The gong ceremony organized on the occasion was held at Borsa İstanbul with the participation of Ankara Chamber of Industry Chairman Nurettin Özdebir, Borsa İstanbul Executive Vice President Hüseyin Zafer, Ulusoy Elektrik Chairman Sait Ulusoy, Ulusoy Elektrik Board members Enis Ulusoy and Kubilay Ulusoy, as well as the former Minister of Energy and Natural Resources Cumhur Ersümer.
In his speech at the ceremony, Ankara Chamber of Industry Chairman Nurettin Özdebir pointed out to the fact that Ulusoy Elektrik’s success contains important lessons for the Turkish industry, adding, “In addition to its research and development projects, Ulusoy Elektrik sets an example with its social responsibility projects. This initial public offering (IPO) is a milestone for Ulusoy Elektrik. I believe that Ulusoy Elektrik will continue to contribute to Turkey”.
Borsa İstanbul Executive Vice President Hüseyin Zafer said that Borsa İstanbul realized three initial public offerings in the previous two weeks, adding, “We believe that going public will prove beneficial for both the companies and the capital markets. Ulusoy Elektrik is an important company that goes beyond the borders of Turkey. We are pleased to see such an important company in our family”.
Hüseyin Zafer went on to say: “With the IPO of Ulusoy Elektrik, so far this year, a total of 14 companies, including 4 new companies on the Emerging Companies Market, offered their shares on Borsa İstanbul, in addition to 424 debt securities issues by 98 companies. The total amount of funds raised through share and debt securities issues reached, respectively, TL 714 million and 55 billion. Borsa İstanbul’s market capitalization has reached TL 588 billion. We are currently working on the applications for 7 public offerings; 3 on the Equity Market and 4 on the Emerging Companies Market and hope to realize these offerings soon”.
Ulusoy Elektrik Chairman Sait Ulusoy said, “On our thirtieth anniversary, we are using the added value we have created, for Turkey’s economy. As a self-sufficient company that offers sustainable growth, and through our research and development efforts, we want to transmit our success to the next generations. Towards this end, we decided to go public. The demand for the company shares has shown us that we are on the right track. With our facilities in various countries, we will be a leading company worldwide by 2023”.
Ulusoy Elektrik has a share of 37% in the electro-mechanical market
With its 30-year experience, predominantly local-design products, and high production volume, Ulusoy Elektrik is a leading company of the electro-mechanical sector with a market share of 37%. The Company has a wide product range in the field of medium voltage electricity distribution network production. The Company is included in the list of the largest 500 companies that has been announced by İstanbul Chamber of Industry since 2009, and ranks 393rd in the list announced in 2013. Ulusoy Elektrik ranks 205th in the list of “Turkey’s Largest 1,000 Exporters” published by Turkish Exporters’ Assembly in 2013. As of end-2013, Ulusoy Elektrik generates 57% of its net sales revenues from exports.
