Tabriz Petrochemical to launch IPO on Tehran Stock Exchange

Tabriz Petrochemical is set to undergo an initial public offering (IPO) on the Tehran Stock Exchange under the symbol ‘SHTabriz’. The company is scheduled to be listed on Wednesday, November 6, 2026, marking its entry as the 631st company on the exchange.

With an annual production capacity of 870,000 tons of polymer and chemical products, the company holds a significant position in the domestic market. It is notably Iran’s first producer of polystyrene, supplying over 60% of the domestic market for resistant polystyrene and approximately 40% for regular grades. Additionally, about 30% of its production is exported to 17 different countries.

Management highlighted ongoing development projects, including a heavy polyethylene project with a 310,000-ton capacity and units for ethylbenzene and styrene monomer. Other major infrastructure projects, such as a polypropylene granule unit and industrial wastewater treatment facilities, are nearing completion. The IPO will involve the offering of 5% of the company's shares, totaling 249.1 million shares.