Launching the initial public offering (IPO) of 20.26 percent of its shares, Escar listed in Borsa İstanbul today.
Escar (Escar Turizm Taşımacılık Ticaret A.Ş.), which ranks first in the contract renewal rate in the car rental sector with a rate of 91 percent, listed in Borsa İstanbul. Shares of the company are listed in the BIST MAIN with a base price of 15 TL, with the ticker code “ESCAR”
The size of the IPO issued 165 million TL and the IPO price was 15 TL, while the number of investors who participated in the IPO through İnfo Investment amounted to 29,810. Following the issuance, the free float rate reached out to 20.26 percent.
Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş. : We invite companies intended to invest and grow by strengthening their equity capital, to the Stock Exchange.
Borsa İstanbul A.Ş. CEO Korkmaz Ergun invited companies intended to invest and grow by strengthening their equity capital, to the Stock Exchange and maintained the following:
“As a long-serving company in its sector, Escar Turizm launched an outstanding IPO with an approximately 165 million TL IPO and sales to 30 thousand investors. It is quite pleasing for our economy that a considerable amount of the obtained resource will be used for growth targets and that it creates new investment and employment. We explain the advantages of IPO’s and the reasons for recommending them on every occasion. Financing opportunity, liquidity, institutionalization, brand value, credibility might well serve as an example of these advantages. Apart from that, I would like to note that IPOs have significant outcomes for our companies: the opportunity to strengthen their equity capital. During this pandemic, storming throughout the world, we have once again realized that a strong equity structure and a healthy cash flow are essential for companies, no matter where they are in the world or which sector they operate. In my opinion, this positive contribution of our capital market is an important opportunity for our companies to launch an IPO. I know for sure that in the upcoming period, esteemed entrepreneurs of our country will benefit more from our capital markets and our products. I would like to take this opportunity to extend my thanks to Escar Turizm, Info Investment and everyone who contributed”.
Nora Karakaş: Drawing our strength from the IPO, we will continue to serve the best to our customers
Established in 2001 to provide fleet rental services to national and international corporate companies, Escar, is the company that has acknowledged the understanding of "fleet excellence" in the operational car rental sector with its vision of "High customer satisfaction". She further stated as follows: Drawing our strength from the investors, we will maintain serving the best to our customers.
