100 million equity shares of Padideh Shimi Gharn Co. were floated on Tehran Stock Exchange.
The initial public offering of 100 million (equal to 10%) equity shares of Padideh Shimi Gharn Company were conducted through book-building mechanism, after price discovery at IRR 17,000 per share.
Total number of 1,498,711 investors participated in the IPO, setting a new record for public offerings in the Iranian Capital Market.
The newly-listed company increased TSE’s total number of listed issuers to 332, adding up IRR 17,000 billion to the Exchange’s market capitalization.
Padideh Shimi Gharn Co. is a manufacturer of detergents and sanitary products, claiming to hold around 8% of the local market share.
