Marking a significant milestone in Tehran Securities Exchange (TSE), the IPO of Taban Farda Petrochemical Group took place on Monday, August 31, 2026. Welcomed by over 2 million investors, this fourth IPO of the year heralds a new chapter for the capital market, as a major industrial powerhouse officially enters the oil, gas, and petrochemical landscape.
The Initial Public Offering of 6 billion shares - representing 2% of the company’s total equity - was successfully conducted at TSE. The company is now listed as the 637th issuer on TSE, trading under the ticker symbol “TBAN” within the “Chemicals & By-products Sector”. The shares were priced at IRR 12,800 per share through a book-building process on the main board of the secondary market.
The IPO saw overwhelming participation, with a total of 2,009,671 trading codes placing orders. Ultimately, 1,992,924 investors were successfully allocated shares, with a maximum of 3,697 shares per trading code.
Taban Farda Petrochemical Group stands as one of Iran’s leading diversified energy holding companies, with strategic investments and operating assets spanning oil, gas, refining, petrochemicals, lubricants, bitumen, and energy logistics. Originally established in 2005 and acquired by the Oil Industry Pension Fund in 2012, the Group evolved into a specialized holding by 2014, consolidating a robust portfolio of both publicly traded industry leaders, such as Persian Gulf Petrochemical and Isfahan Oil Refining, and significant non-public entities like the National Iranian Tanker Company. Through this diverse and integrated asset base, the Group plays a pivotal role in advancing downstream industries, expanding the national energy value chain, and driving sustainable value creation across the sector.
