The issues of shares of Etropal and Hydroizomat will be floated on the BSE today (November 12). Both companies are filing SPOs of, respectively, 28% and 23% of their capital next week.

Etropal will offer 1.4 mln shares at a limit price of 7.95 leva, and Hidroizomat will debut selling 300,000 shares at 8.5 leva.

A closed mixed auction for the sell-off of 150,000 rights of the capital of Efekten und Finanz – Properties REIT will also be held today on the BSE.

The fund has been established by Petar Terziev who controls 60% of the capital, TBI Harmony mutual fund (15%), TBI Dynamic mutual fund (15%), and Efekten und Finanz Sofia (10%).

Auctions for the unused rights of Bulland Investments and Mel Invest REIT will be held today and on Friday (November 16). Both companies are planning capital increases, respectively from 5.47 mln leva (2.796 mln euros) to 16.408 mln leva (8.340 mln euros), and from 7.027 mln leva (3.592 mln euros) to 14.054 mln leva (7.185 mln euros).

The IPO of CBA Asset Management will be held in three consecutive days – November 14, 15, and 16. The company is increasing capital from 16.3 mln leva (8.334 mln euros) to 20.2 mln leva (1.032 mln euros) via initial public offering of 3.9 mln new shares with a face value of 1 lev. The GM has set the minimum price per share at 2 leva.

If demand exceeds the offered amount more than twice, the main shareholders will offer up to 780,000 of the already existing shares. Underwriters of the issue are UniCredit Bulbank and Somoni International Brokerage.

Investors may participate in an auction for the sell-off of 150,000 rights of the initial capital increase of Ulpina REIT on November 15.

Last week BG40 dropped 4.25% to 562.21 points, and SOFIX lost 3.58% to 1823.36 points.