A new sponge iron and steel production company was listed on Tehran Stock Exchange (TSE): Sabzevar Pars Steel Complex made stock market debut on Wednesday, 15 September 2021.
The initial public offering of Sabzevar Pars Steel Complex, a sponge iron and steel production company, was conducted at Tehran Stock Exchange.
The number of 600 million shares, representing 15% of the new issuer's total equity shares, under the ticker ‘FSBZ’, were floated on the exchange’s “second market”, “Basic Metals” industry and “Iron and Base Steel Production “subsector. After the price discovery carried out through book-building method, the equities were traded at IRR 31,250 per share.
The IPO ceremony celebrating the 379th company currently listed on TSE’s market was broadcasted online via the official channel of TSE on https://www.aparat.com/tse.ir.
