Pegah Zanjan to launch IPO on Tehran Stock Exchange

Pegah Zanjan Pasteurized Milk Company is set to launch its initial public offering (IPO) on the Tehran Stock Exchange this Wednesday, September 16, 2026. This marks the 18th new company to enter the capital market this year and the 624th company overall.

The offering involves 173,191,400 shares, representing 10 percent of the company's total shares, within the food and beverage sector under the dairy production category. The shares will trade under the symbol ‘Ghazanjan’ on the second market's main board.

Key financial details include a base price of 6,536 Rials, with a price range between a floor of 6,144 Rials and a ceiling of 6,928 Rials. The maximum quota per individual and legal shareholder is set at 600 shares. Saba Tamin Brokerage is managing the offering, with Iran Milk Industries acting as the underwriter.