A New Steel Company At Tehran Stock Exchange

On Wednesday 18 October 2017, 350 million shares (5 Percent) of South Kaveh Steel Company were floated at TSE for the first time.

The IPO, which was conducted through book building mechanism, added IRR 12300 billion to the exchange’s market capitalization. Each equity share was traded at IRR 1760.

Currently, considering the recent IPO, there are 327 listed companies at TSE.