This IPO is expected to raise capital of up to BGN 26.4 mln.(EUR 13.5 mln.), which would make it the biggest one on the Bulgarian Stock Exchange since 2007 before the financial crisis.
Chepelare is a picturesque mountain town which is huddled in the gorgeous Rodopi Mountain.
The resort is embraced by unspoilt nature-venerable fir trees, mountain springs, amazing snow slopes in the winter and beautiful green meadows in summer and spring.
Total number of shares offered for subscription – up to 18 491 858 (up to 16 000 000 New shares and up to 2 491 858 existing shares in case of oversubscription).
Actual number of shares subscribed and paid – 9 523 362 New shares.
Chepelare is about 230 kilometers away from Sofia, Bulgarias capital city, and just 80 kilometers from the second biggest city in Bulgaria-Plovdiv.