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2 clusters · 7 sources · 6 days · First seen · Last updated

Iranian petrochemical companies entering capital markets

Overview

Major Iranian petrochemical entities are entering the country’s capital market through initial public offerings.

Taban Farda Petrochemical Group has successfully completed its initial public offering on the Tehran Stock Exchange, an event recognized as the “largest IPO in the history of the Iranian capital market.” The offering involved 6 billion shares with a final price of 1,280 Tomans per share. Approximately 1.99 million trading codes participated in the process, with each code receiving an allocation of 3,697 shares.

Concurrently, Tabriz Petrochemical Company is preparing for its own listing. As an established polymer producer, the company intends to increase its production capacity from 870,000 tons per year to approximately 1.56 million tons by implementing 11 development projects. The company is majority-owned by Tabriz Oil Refining Company, with ultimate control held by the Parsian Oil and Gas Expansion Group.

Entities

Tehran Stock Exchange · Taban Farda Petrochemical Group · Tabriz Petrochemical Company · Parsian Oil, Gas and Petrochemical Development Group · Mehraayandegan Financial Development Group

Timeline

  1. 15 days ago

    [BUSINESS] 7 sources
    Taban Farda Petrochemical completes largest-ever IPO on Tehran Stock Exchange

    Taban Farda Petrochemical Group completed Iran’s largest-ever IPO on the Tehran Stock Exchange, while Tabriz Petrochemical prepares for its own market entry to expand production capacity.

  2. 21 days ago

    [BUSINESS] 2 sources
    Taban Farda Petrochemical Group prepares for major IPO

    Taban Farda Petrochemical Group is set for a major IPO on the Tehran Stock Exchange, with an estimated valuation reaching up to 480 trillion tomans and projected profits of 25 trillion tomans.

Sources

bourse24.ir · boursenews.ir · nabznaft.ir · naftiha.ir · negarmag.com · noandish.com · rokna.net

This summary has been updated 1 time: see revision history