Mekom Jsc's IPO proceeds stand at 5.698 mln leva. The deadline for payment was March 13.

The company will use the funds to finance its investment program.

United Bulgarian Bank was underwriter of the IPO and Allianz Bulgaria was co-managing. The placement price per share was set at 2.20 leva.

The company's capital was raised from 53.414 mln leva, 27.31 mln euros (allocated in as many shares with a face value of 1 lev) to 56.004 mln leva (28.63 mln euros).

Trade with the stock is expected to start somewhere towards the end of April 2008.

Mekom Jsc is an economic group controlling 12 subsidiaries – Agrospecter Invest Jsc (99%), Interfoods Jsc (99%), Kremonin Jsc (97.32%), Mekom (99%), Dobrudja Meat Processor (98%), Solistra Hybrid (80%), Rusgal (80%), Ronex 2000 (99.33%), OMV OOD (99%), Druster BV (99%), SVI (88%), Select (96%).