Kale Finance Consulting – IPO & Capital Markets Consulting
Kale Finans Danışmanlık offers comprehensive consulting services to institutions in the capital markets, including initial public offerings (IPOs) and additional capital raising processes. Our approach combines Big Four-level professional quality with flexibility aligned with Türkiye's regulatory framework. We offer a roadmap fully compliant with CMB, CBRT, and BRSA regulations, and develop customized solutions for banks and financial institutions.
Critical Elements for Banks & Finance Companies
Kategori | Kritik Unsur | Açıklama |
|---|---|---|
In accordance with CMB regulations | Constant notifications | Mandatory for transparency |
Restrictions | 90/180-day sales bans | In accordance with CMB regulations |
Liquidity | Share liquidity & stabilization plan | Provides post-offering market confidence |
Allocation Policy | Difference between institutional and individual investors | Compliance with CMB principle decisions |
Field of Activity | Deposit/loan portfolio view | Risk indicator for investors |
Financial Reporting | Independent audit & transparency | CMB criteria |
Risk Management | Internal systems and compliance | Obligation in financial institutions |
Corporate Governance | Independent board members | Increases investor confidence |
Capital Structure | Registered capital system | It should be made compatible with the CMB |
Institutional Structure | Simplification of the holding structure | Important for investor perception |
1. Regulatory Framework (CMB, CBRT, BRSA – 2025)
- CMB public offering criteria: Total assets of at least 2.4 billion TL, net sales revenue of at least 1.2 billion TL.
- Nominal/market value criteria and public offering distribution principles have been rearranged.
- CMB may implement measures such as short selling and share buybacks to maintain market confidence.
- CMB revaluation rate was determined as 43.93% for 2025.
- BRSA/CBRT expects compliance with banking license, capital adequacy, liquidity status and risk management.
- The Central Bank of the Republic of Turkey (CBRT)'s systemic risk notifications, foreign exchange position reporting and liquidity regulations should be taken into account.
2. IPO Advisory with the Big Four Approach
- Strategy & Preparation: IPO target, timing, industry analysis.
- Due Diligence: Financial, tax, legal, operational reviews.
- Valuation & Financing Model: DCF, similar IPO comparisons.
- Prospectus & Public Offering Documents: Preparation in accordance with CMB format.
- Book Building & Pricing: Distribution plan suitable for investor classes.
- Quotation & Listing: Borsa Istanbul application, sales restrictions.
- Performance Monitoring: Post-IPO evaluation and revision.
Advantages of Kale Finans
- Professional quality + flexible implementation: Big Four methodology, flexibility for local adaptation.
- Full compliance with regulations: Auditable documents within the framework of CMB, TCMB, BRSA.
- Banking & finance companies expertise: Specific risk management and audit experience.
- Transparency & traceability: Every step is documented and explainable.
- Investor confidence: Smart distribution, liquidity plan, blocking strategies.
