Barekat Pharma Holding Went Public on Tehran Stock Exchange!
– 10% of Barekat Pharmaceutical holding went public today on Tehran Stock Exchange. Being the 4th public offering though the new book building method, 340 mn shares of “BRKT1” traded at IRR 2,420 on today’s affair. Considering the projected EPS of IRR 280 for the current fiscal year, the P/E ratio of the ticker (8.64) went above the sector average of 7.37. The company’s Q3 provided a narrow loss of IRR 10 per share. Just before the IPO, analysts believed that the tender would not be as successful as the previous ones.