At its session today Bulgaria’s Financial Supervision Commission approved the prospect for the IPO of 135,000 shares with a face value of 1 lev and minimum issue value of 10 leva each, which will be issued by Bianor AD as a result of the company’s capital increase.

Bianor sells, designs, develops, tests and installs software and communication solutions. The company develops and trades in all sorts of software and hardware products, etc.

Bianor AD posted a net profit of 326,000 leva on total consolidated revenues of 2.534 mln leva last year.

Its main shareholders are members of its board of directors – Nikolay Rashev and Kostadin Yordanov, each of them controlling 41.77% of its capital, while Siya Yordanova has 7.17%.

Bianor AD holds stakes in the following companies: Bianor Services Ltd. (100%), Nextborn Ltd. (80%), All Telecoms AD (15%), and Nai Mag Ltd. (2/3 of the shares).