November 21 (SeeNews) - Bulgarian solar photovoltaic (PV) equipment supplier AmonRa Energy decided to carry out on November 30 its planned initial public offering (IPO) on the BEAM growth market of the Bulgarian Stock Exchange.
The company, which will seek to raise 15.6 million levs ($8.18 million/7.97 million euro) to fund its expansion in Romania and the broader Southeast Europe (SEE) region, will deem the offering successful if at least 200,000 new shares are subscribed, it said in a filing over the weekend.
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Under its public listing plans unveiled in October, AmonRa Energy is offering investors up to 1,259,100 new ordinary transferable shares of 1 lev in par value each and priced at 12.40 levs apiece.
The Bulgarian Stock Exchange approved the company's listing prospectus on Thursday, according to an earlier statement.
The renewable energy equipment supplier, which is already active on the Romanian market, is planning to open an office with its own warehouse and logistics capabilities, initially in Bucharest, followed by Timisoara and Cluj, a company representative told SeeNews last week. The firm has delivered over 375,000 solar panels since its inception in 2020.
AmonRa Energy will list under the ticker AMO1.
Earlier this year, the company increased its capital to 6 million levs from 50,000 levs by issuing 595,000 new shares of 10 levs in par value each.
(1 euro = 1.95583 levs)