Telematic Interactive

Public Offering Information

Issuer Telematic Interactive Bulgaria AD
ISIN BG1100014213
Supply Manager Investment Intermediary "Sofia International Securities" AD
Organized market Bulgarian Stock Exchange
Number of shares offered 400,000 new shares from the capital increase and up to 400,000 existing shares owned by Eldorado Corporation AD
Publishing of the Prospectus 02.02.2022
Start date for submission of applications 14.02.2022
Last date for submission of applications 18.02.2022
Notification of ranked orders 21.02.2022
Registration of subscribed shares on investor accounts 15.03.2022 (estimated date)
Start of stock trading 23.03.2022 (estimated date)
Price range for the offer Min. BGN 50 per share, Max. BGN 75 per share
Orders Limited between BGN 50 and BGN 75; market for a given amount
Complex criterion including Asking price
Target allocation above 10% to individual investors and above 10% to institutional investors
Avoiding concentration in one investor
Maintaining the principle of full enrollment under the above criteria
Consolidated revenues as of 30.09.2021 BGN 53,982 thousand
Consolidated profit as of 30.09.2021 BGN 14,403 thousand
Consolidated assets as of 30.09.2021 BGN 25,474 thousand
Consolidated capital as of 30.09.2021 BGN 18,828 thousand
Dividend policy The issuer distributes as a dividend not less than 40% of the distributable profit, unless: (a) sales revenue has decreased by more than 25% compared to the previous year; (b) the profit has decreased by more than 40% compared to the previous year; or (c) the debt-to-equity ratio under the AFS exceeds 1.


IPO results

Telematic Interactive Bulgaria AD received orders for over BGN 16 million from 434 legal entities and individuals. Telematic Interactive Bulgaria has completed the subscription for raising funds for the initial public offering, which lasted from February 14 to 18.

By the deadline, February 18, 434 applications were received for over 320,000 shares, representing 80% of the offered quantity. Investors are individuals and legal entities from Bulgaria and abroad. The price determined on the basis of submitted limited and market orders is BGN 50.00 (fifty) per share.

The funds raised, as well as the number of investors, show that TIB is trusted by both small and medium-sized and institutional investors. The company’s management assures you that the team is ambitious to achieve high results in the coming periods.