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%).