Savur Gayrimenkul Yatırım Ortaklığı A.Ş. (Savur GYO) will offer 295.4 million shares to investors, priced at 3.64 Turkish Lira each, following approval from the Capital Markets Board of Turkey (SPK). The initial public offering (IPO) period is set for February 26-27 and March 2, 2026, according to a statement released by the company.
The SPK likewise authorized Savur GYO’s capital increase from 874.6 million Turkish Lira to 1.083 billion Turkish Lira, enabling a 208.4 million Turkish Lira capital raise through the offering. The anticipated IPO size is approximately 1.1 billion Turkish Lira, with an expected public float of 27.28 percent.
The offering will be distributed on an equal basis to individual investors, according to the draft prospectus. Whether Savur GYO qualifies for inclusion in the participation index will be determined after the approved prospectus is published.
The SPK’s approval of Savur GYO’s IPO follows similar authorization for Luxera Gayrimenkul Yatırım Ortaklığı A.Ş., signaling continued activity in the Turkish IPO market. Luxera GYO’s shares will be offered at a fixed price of 12.05 TL, with 120 million shares available, aiming for an IPO size of approximately 1.446 billion TL. Following the offering, Luxera GYO’s public float is projected to be 36.36 percent, with shares planned for listing on the Yıldız Pazar.
Both IPOs are expected to generate over 2.5 billion Turkish Lira in total, according to reports from Türkiye Gazetesi, and Yatirimx.com.tr. The SPK approved the initial prospectuses for both Savur and Luxera GYO on February 19, 2026, as reported by T24.
