The Financial Supervision Commission approved the IPO prospectus of Kozloduy-based Enemona JSC. The issue is in the amount of 2 mln leva (1.022 mln euros) allocated in as many common voting shares with a face value of 1 lev.

The company's core activity is production of electricity from renewable energy sources, construction of energy and energy saving facilities, and services in the area of energy efficiency.
Other areas in which Enemona operates are that of investments, construction, repairs, tourism, advertising, and transport. According to the prospectus, the company will use the IPO proceeds to finance expansion to its new areas of business – energetics, utility services, and energy efficiency.

The company posted non-consolidated Jan – Sept report today, announcing a 386% hike in net profit to 7.532 mln leva (3.851 mln euros).

The IPO is scheduled for the beginning of November, Elana Trading is underwriter of the issue, United Bulgarian Bank is co-managing.

Majority shareholder is Dechko Prokopiev, who is CEO and owner of 94.08% of the capital, controlling 72% directly, and 21.84% via Global Capital (in which he has 95%).