Ten percent of Ta’min Pharmaceutical Investment Company (TPICO) shares were for the first time offered at Tehran Stock Exchange (TSE) on Monday 20 January 2014.
290 million shares were traded initially at IRR 6040 each, providing IRR 1750 billion of funds to the issuer.
TPICO was established in 2003 so as to strategically manage the pharmaceutical companies belonging to the Social Security Investment Company. At present, the company is in charge of 30 pharmaceutical companies management and a workforce of around 8000 staff.