OREANDA-NEWS. June 20, 2012. Shares floated by OJSC Minsk Sparkling Wines Plant will be available for entities after the winery completes the ongoing IPO on June 15, Alla Sokolovskaya of Belgospischeprom told.

The date when the shares will be available for sale to entities has not been set yet, the government representative said.

“For residents of Belarus shares are sold at their book value within the IPO framework. For investors, however, the price will be higher, as the value of the winery’s assets have grown by 30%,” Sokolovskaya said.

As of April 1, 2012, an ordinary share of OJSC Minsk Sparkling Wines Plant stood at Br 224,477 (USD 26.8 at the NBB rate), while its book value is estimated at 171,450 rubles (USD 20.4).

The winery may choose to issue a few more editions of shares to meet investors’ requirements, Sokolovskaya said.

As of June 1, 2012, there were 541 deals made to sell 12,553 shares of OJSC Minsk Sparkling Wines Plant. The total value of transactions stands at 2.152 billion rubles (USD 256,500), 5.23% of the entire parcel put up for sale. 15 individuals purchased 999 shares each – a maximum amount of shares an individual can purchase.

According to brokers, as of June 1, 2012 they received 28,650 applications worth 4.912 billion (USD 585,500) , 12% of the of the entire parcel put up for sale.

As previously reported, OJSC Minsk Sparkling Wines Plant is holding people’s IPO May 3 – June 15, with a 33% state-owned stake put up for sale (the company is fully owned by the state).

The IPO allows individuals to take part, with a limit of 1,000 shares per investor. The company is set to sell 240,000 shares priced at Br171,450 each (USD 21.4). Belarusbank and Belgaprombank are chosen to act as investment brokers. The funds raised as a result of the IPO will go to pay off loans borrowed by Minsk Sparkling Wines Plant to finance reconstruction activities.

Minsk Sparkling Wines Plant was established in 1978; it makes 80 varieties of beverages; annual output is estimated at 12 million bottles.