The gong of Istanbul Stock Exchange gonged for Ensari Deri Gıda San. ve Tic. Inc. Turkey's leading company in sheepskin leather production. Ensari Deri, which received a demand of 304,6 million TL from 258,045 investors during the book-building process, has started to be traded on the Istanbul Stock Market’s Main Market with the code "ENSARI" as of today. There was a 2.5 fold demand for the shares offered to the public by the company.
Istanbul Stock Exchange General Manager Korkmaz Ergun, Ensari Deri Gıda San. ve Tic. Inc. Chairman of the Board of Directors Muhammet Nuri Ensari, Vice Chairman of the Board Sadettin Yazgülü, Member of the Board of Directors Süleyman Bayrak, General Manager Servet Aydın and Deputy General Manager Özgecan Fırıldak attended the Ensari Leather Public Offering Gong Ceremony organized in the Istanbul Stock Exchange.
In his speech at the ceremony, General Manager of Istanbul Stock Exchange Korkmaz Ergun said, “The leather industry is a very valuable manufacturing industry of our country with the export income and employment it generates. Ensari Deri, one of the important representatives of this important sector, has started to be traded in our Stock Exchange today and thus started to benefit from the opportunities offered by the capital markets such as accessing finance, institutionalization and increasing its brand value. Ensari Deri will use some of its public offering revenues to reduce its financial liabilities. Thus, it will increase its profitability by reducing the financial expenses arising from the exchange rate difference and interest.
Our companies and investors can manage their risks arising from foreign exchange, interest or investments by making use of our stock market futures and options market. As Istanbul Stock Exchange, we will continue to develop new products in our futures and options market in a way that will counter the needs of investors.
Ensari Deri has concluded a successful public offering with a public offering amount of approximately TL 119 million and sales to 258 thousand investors. I wouldto thank everyone who contributed to this successful public offering process, all company employees, the intermediary institution, and wish good luck to our capital markets. I would to welcome Ensari Deri to our Exchange family.
Speaking at the gong ceremony, Ensari Deri Gıda Sanayi ve Ticaret A.Ş. Chairman of the Board of Directors, Muhammet Nuri Ensari, said, “Today is a historic day for Ensari Deri Gıda. I wouldto thank each and every one of you for being with us on this happy day. As Ensari Deri Gıda, we are very happy to be included in the Istanbul Stock Exchange.
Founded in 1993 as a small company, Ensari Deri Gıda San. ve Tic. A.Ş has accomplished great things in its 29-year journey. Ensari Deri, outstripping its competitors worldwide one by one, has managed to become the supplier of the most important brands of the fashion world over the years.
Even at the height of the pandemic, the company was united with its employees and worked hard. It became the first company in its sector in the world to receive the LeatherWorkingGroup Certificate, an international inspection mechanism in which a leather production center (tannery) is inspected under more than 20 main headings. While we export a wide range of products abroad from Canada to South Korea, almost all of the products we distribute in the country are exported through the companies we sell to. In short, as Ensari Deri, our trend has always been upwards.
Now, at this historical moment in time, we want to be the rising trend for our investorswe for world leather garment manufacturers. Good luck to both our country and all our investors.
While we were on the way to becoming a world-class brand in leather production, we diversified by investing in a Flour factory in Mardin at the start of the last quarter of 2021. We renewed all of its sections and systems from top to bottom. We have an annual production capacity of 68,500 tons of flour and 24,050 tons of bran in our facility covering 25,500 square meters, of which 13,539 m² is open and 12,000 m² is closed. Through this investment we have made in food, our aim is to be among the best producers of flour and bran as well as be the leader in leather. As you are aware, flour is one of our basic needs. Our goal is both to meet this most basic need of our country and contribute to its production and therefore the economy of our country with our exports to the Middle East from Mardin which is ideally located for this purpose.
We will work harder from now on. We will continue to represent our country in the best way possible, with the strength we derive from our investors. We will endeavor to earn more for both our country and our investors.
I wouldto take this opportunity to thank Mr. Korkmaz Ergun, General Manager of the Istanbul Stock Exchange, who made this historical turning point possible today, and all the esteemed utives of the CMB and Istanbul Stock Exchange, Metro Yatırım Menkul Değerler A.Ş. I wouldto thank the Chairman of the Board of Directors, Çiğdem Öztürk Pulatoğlu, and the invaluable team of Metro Yatırım, the entire Ensari Deri Gıda management and family for making us feel this proud.
I hope that our public offering will be beneficial for our country, our nation, our company, our investors and our capital markets. I pay my respects to all of you.”