Bianor AD filed an IPO using the book-building method between 25-29 June this year. The total value of the distributed shares reached 1 383 750 leva (707,500 euros), that is 135,000 shares at 10.25 leva each.
The company increased capital from 540,222 leva (276,211 euros) to 675,222 leva (345,235 euros) by issuing 135,000 common, paperless, voting shares with a face value of 1 lev each.
Bianor will use the funds it raised in the IPO to develop new sales networks, to acquire other companies in the field, and to invest in the compaies within its group.
Bianor posted consolidated revenues in the amount of 1.512 mln leva (773,073 euros) in H1, which is 34% up from a year ago.
Specialized Business Systems AD filed an IPO to increase capital from 3.319 mln leva (1.696 mln euros) to 5 mln leva (2.556 mln euros). The company offered 33,620 shares with a face value of 50 leva and issue value of 60 leva.
A total of 2.286 mln leva (1.168 mln euros) were raised in the IPO, which will be used to finance the expansion of the logistics network and enlarging the production portfolio.
SBS's core activity includes import, export, distribution and maintenance of PC components and systems, delivery, installation and maintenance of computers and office equipment, development of solutions for informational systems etc.
The company expects 2007 net profit to be between 326,000 leva and 418,000 leva, and revenues between 14.774 mln leva and 16.328 mln leva.