A hundred and ninety two million shares, representing 12% of total equity shares of Zar Macaron Industrial Company were offered publicly on Tehran Stock Exchange through a virtual ceremony.
Zar Macaron Industrial Co. went public on Wednesday, 29 July 2020. Out of total floated equities, 160 million shares were offered to the public today, and the rest 32 million shares will be offered to the Investment Funds on Saturday, 1 August 2020.
The IPO ceremony celebrating the 340th company listed on TSE’s market was also broadcasted online via TSE’s official channel on https://www.aparat.com.
After the price discovery carried out through book-building method, the equities were traded at IRR 39,750 per share. The newly-listed company increased TSE’s total market capitalization up to IRR 63,600 billion.
Zar Research and Industrial Group with reliance to Iran's potentials and its founder's effective presence for 30 years in the productive and industrial field, has established its infrastructure in 1993 and initiated its activities in 1997. Then in 2001, the semolina flour production line was inaugurated for the first time in Iran. While expanding the flour factory, in 2005, the pasta production line was initiated and it was successful to produce high-quality products in local markets. In a way that in 5 years, besides increasing its production's capacity, it expanded and increased its production lines significantly.
Today, this industrial group, which is currently the largest Iranian pasta exporter is ranked as the first Iranian pasta industry. Also, Zar industrial group by creating a competitive atmosphere had an important role in advancing the quality of local products as the first producer of all kinds of macaroni and pasta with semolina flour; this company is also engaged in producing and packaging various types of processed cereals and it aims to produce high-quality products, increase production ability and develop the culture of consuming healthy foods.