Iran va Sharq Leasing Went Public
* Today, 10%, equal to 30,000,000 shares, of Iran va Sharq Leasing Company were offered for the first time to investors, having been listed on Iran Fara Bourse Second Market, via the book building method with its price ranging from IRR 1,433 to IRR 1,570. Each individual and institutional code were allowed to purchase 400 shares at most. Estimating IRR 280 bn and IRR 100 bn in income and net profit in 2017/18, which registers a 48% growth compared to the last year’s projections, the company has managed to cover 36% of its income in the first half and 46% of its gross profit in the 9-month period and has also announced its full ability to cover the whole predicted net profit in the remaining quarter relying on new resources worth IRR 210 bn. This has been the fourth IPO in the current year in Iran Fara Bourse.