The Initial Public Offering (IPO) of 400,800,000 shares - representing 4% of the company’s total equity - was successfully conducted at TSE. The offering saw significant investor participation, with 1,447,324 trading codes recorded. The company is now listed as the 633rd issuer on TSE, trading under the ticker symbol “ACCO” within the “Manufacture of Computer, Electronic & Optical products” sector on the main board of the second market. Through the price discovery method, the share price was set at IRR 32,934. Allocation was finalized with 1,438,215 eligible trading codes receiving a maximum of 305 shares each.
Iranianan ACO Battery has marked a historic milestone by becoming the first battery manufacturer to be listed on the Tehran Securities Exchange, effectively introducing an entirely new industrial sector to the national capital market.
Mehdi Ashja, CEO of Iranian Aco Battery, emphasized the strategic importance of this IPO, stating: “This listing provides the company with stable capital to replace costly bank borrowing, while simultaneously ensuring transparent regulatory oversight and strengthening our corporate governance.”
With over four decades of expertise, the firm operates a fully integrated production chain—spanning from recycling and plate manufacturing to assembly and alloy-making. The company produces high-quality automotive and industrial batteries under established brands, including Tinoo, Carpile, and Ufo.
Operating under the steadfast slogan “We are committed,” the company remains dedicated to its core values of quality and service excellence. As a certified knowledge-based enterprise, Aco Battery is now prioritizing the research, production, and commercialization of solar and lithium-ion technologies to meet the evolving energy demands of the future.
