Avicenna pharmaceutical goes public on Iran Fara Bourse!

Market News

– On Monday, Oct 25, 2018, 10% of Avicenna pharmaceutical company offers publically for the first time on Iran Fara Bourse. The company has 35 mn shares and each individual and institutional investors can only place orders for 700 shares through book building method. The price range has been anticipated to be between IRR 3,000 and 3,300. This pharma producer has a development plant to go deep into coated dosage form drugs which are the baseline for anti-cancer pharmaceuticals.

Kish Parsian E-commerce goes public on Iran Fara Bourse!

Market News

– Kish Parsian E-commerce company is to offer its shares publically on Iran Fara Bourse on Saturday, September 22, 2018. This IPO is for 10% of the company equal 40 mn shares via book building method with a price range of IRR 1,600 to 1,700. The major shareholder, Parsian Bank Data Processing Group, has committed to offering another 10% of its shares within a 6 month period from the IPO date. Each investor, whether individual or institutional, is entitled to 800 shares only.

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Qadir Petrochemical went public on Iran Fara Bourse!

Market News

– Holding IRR 1,300 bn in capital, today, 10% of Qadir Petrochemical (PGHZ1), as a subsidiary to Tamin Petroleum and Petrochemical Investment Company (PTAP1), equal to 130,000,000 shares went public on the Chemicals space in Iran Fara Bourse through the book building method; each share price could range between IRR 1,650-IRR 1,700 and each trading code, both individual and institutional, were allowed to put an order for 2,600 shares.