A new company was listed on Tehran Stock Exchange (TSE): Ardestan Cement Co. made stock market debut on Wednesday, 18 January 2023.
The Initial Public Offering (IPO) of 170 million and 250 thousand shares, equivalent to 15% of the stocks of Ardestan Cement Company, with a notable participation of 1,184,434 trading codes was conducted at Tehran Stock Exchange on Wednesday, 18 January 2023.
Ardestan Cement Company (established in 2003) was listed as the 378th company, under the ticker of “ARDS” and the sector of “Cement, Lime and Plaster” on Tehran Stock Exchange. A hundred and fifty-eight shares, at the price of 10,000 IR Rials per share, were assigned to each participant in the IPO.
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