Tokić’s Share Price Determined, Founder Extremely Satisfied

The price of Tokić’s shares has been determined. This distributor of automotive parts, whose IPO is entering its final phase, made a decision this week regarding the final price. As we have learned, the share price is set at 20.20 euros, which is the lower limit of the targeted range of 20.20 to 25.60 euros.

Today, the allocation of shares and notification of investors is being carried out, and by the end of the week, the results of the offering will be announced, at which point we will also learn about the composition of the new shareholders. Although we will not receive any details directly from the company by the end of the week, Lider contacted the founder of Tokić, Ilija Tokić, after Bloomberg first reported the share price.

Tokić confirmed the price, stating that he is extremely happy with both the price and the entire process of the initial public offering, as well as the ideal timing in which this IPO took place. He claims to be satisfied with how everything went, as well as the fact that they are the third company this year to go public, making the market extremely active.

– There have already been two public offerings this year, Ing-Grad and Žito, and some are already announced for the next, which makes me happy. It is better to invest in shares than to keep money in the bank – Tokić stated for Lider, commenting on the activity in the capital market.

After the decision was made in August this year regarding the increase of the company’s share capital and the issuance of new shares for the IPO, Hanfa approved Tokić’s prospectus for the initial public offering of 1.2 million shares (one million new and 200 thousand existing, as well as their listing on the Zagreb Stock Exchange) in September. The subscription for shares began on October 20 and ended on the last day of October. After the entire process is completed, these shares will be tradable.

The company currently employs more than 1,400 people and sells a range of 300,000 items in 123 stores. In the 35 years since its founding, the company has undergone tremendous development. Its founder opened the first store in 1990 in Kranjčevićeva Street in Zagreb, after 20 years of experience in selling automotive parts. Tokić previously mentioned that the company’s management was professionalized ten years ago, and after the IPO, ‘the best is yet to come.’