Tabriz Petrochemical holds record for IPO investor participation

Tabriz Petrochemical (symbol: ‘Shetabriz’) has set a new record for the year 1405 in the Tehran Stock Exchange, attracting over 2.01 million purchase orders during its initial public offering (IPO). The company offered 5 percent of its shares, totaling 249.1 million shares, at a price of 65,000 Rials per share.

Following the allocation process, 2,005,211 trading codes were assigned the maximum allocation of 134 shares each. The company, which is the 631st entity listed on the Tehran Stock Exchange, operates within the chemical products sector.

This IPO marks the completion of the manufacturing company listings for the Parsian Oil and Gas Holding. The company maintains an annual production capacity of 870,000 tons of polymeric and chemical products across more than 20 operational units.