New IPOs scheduled for Manjil Green Power and Mehriz Cement on Fara Bourse

Two new initial public offerings (IPOs) are scheduled on the Iran Fara Bourse.

Manjil Green Power Generation Company will launch its IPO on Tuesday, August 25, 2026. Tamaddon Investment Bank has committed to purchasing 270 million shares, representing 9% of the company's total 3 billion shares, to ensure a successful market entry. The offering will follow a two-stage hybrid method: a special auction of 90 million shares (3%) for eligible institutional investors at a valuation of 14,080 Rials, followed by a public offering of 180 million shares (6%) for retail and legal investors at the price discovered during the first stage.

Mehriz Cement Industrial and Mining Group, trading under the symbol ‘Samahriz’, is set to debut on Wednesday, August 26, 2026. The company will offer 225 million shares, or 9% of its total equity, through a two-stage process. The first stage involves an auction of 75 million shares (3%) for eligible investors, such as equity and fixed-income funds, with a valuation price of 18,368 Rials. The second stage will offer at least 150 million shares (6%) to other investors at the price discovered in the initial auction.