Empa Elektronik Sanayi ve Ticaret opens at 24.20 liras

Empa Elektronik Sanayi ve Ticaret opens at 24.20 liras

Empa Elektronik Sanayi ve Ticaret A.Ş. Shares Open at TRY 24.20, Surpassing IPO Price
February 26, 2026

Shares of Empa Elektronik Sanayi ve Ticaret A.Ş. (EMPASAN.IS) opened at TRY 24.20 on Tuesday, marking a 10% premium over its initial public offering (IPO) price of TRY 22, which was approved by Turkey's Capital Markets Board. The IPO, managed by Halk Yatırım, aimed to raise approximately TRY 836 million through a combination of capital increase and shareholder share sales, targeting a 22.35% free float.

Empa Elektronik, a 37-year-old firm, specializes in electromechanical components, power electronics, and embedded systems for Turkey's defense and aerospace sectors. The company provides critical technology for platforms such as the KAAN fifth-generation fighter jet, HÜRJET trainer aircraft, Altay main battle tank, and unmanned systems. Its product portfolio also extends to dual-use applications in automotive, energy, and industrial electronics.

The IPO structure included issuing 29 million new shares and offering 9 million existing shares to current shareholders, increasing the company's issued capital from TRY 141 million to TRY 170 million. The opening price of TRY 24.20 suggests strong investor confidence, reflecting the firm's strategic role in Turkey's defense industrial base and its expansion into emerging technologies like edge artificial intelligence for autonomous systems.

Market analysts note that Empa Elektronik's performance may be influenced by ongoing defense procurement programs and its ability to diversify revenue streams beyond government contracts. With a market capitalization exceeding TRY 4.5 billion based on the opening price, the company's stock is now subject to broader market dynamics and investor sentiment toward the defense and technology sectors.

This article is based on publicly available information and does not constitute investment advice.