Upcoming IPO of SIN CARS Industry JSC

The manufacturer of sports racing cars and electric cars SIN CARS Industry has submitted an application for registration in the segment “Bulgarian Enterprise Accelerator Market ” (BEAM) of the Bulgarian Stock Exchange. This is the second company from the innovative sector that wants to gain public status in the new BEAM market. SIN CARS Industry will offer up to 2 million shares with a par value of BGN 1 each, and the offering is expected to take place on June 1, 2021. The final date will be confirmed after approval by the Board of Directors of the Bulgarian Stock Exchange. The minimum successful bid is 250,000 new shares. The manager of the issue is ELANA Trading.

SIN CARS Industry with a scope for the European and world market of electric cars

SIN CARS INDUSTRY JSC was established in 2018 as a continuation of part of the activities of SIN CARS – a business with 10 years of experience in the development and production of sports racing cars that participate in the GT4 World Championship. The first Bulgarian sports and racing car SIN R1 already has a glorious history of over 30 first places on three continents. The manufacturer has European approval for automotive production, and the base of 6000 sq.m. is located in Ruse. In the last three years, the company’s new innovative project is the production of electric cars based on a universal platform – L City. The company organizes in Ruse the production of chassis, coupe parts and other components for electric cars, and the assembly itself will be done at the company’s base in Germany.

The founder and majority owner of SIN CARS Industry is dipl. eng. Rosen Daskalov, who is also a former car racer with 30 years of experience in the motorsport and its industry. The vision for the development of innovative production of electric cars is that the products are mainly aimed at the European market in order to meet the rapidly growing needs of this sector.

See more information on the offer page of ELANA Trading

See more information on the offer page of SIN CARS Industry

How to participate in the upcoming IPO of SIN CARS Industry