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6th Annual IPO At Tehran Stock Exchange

Date 09/10/2019

On Wednesday 09 October 2019 totally 240 million equity shares (10 percent) of Kavir Steel Company were floated at TSE for the first time.

The IPO was conducted through book building mechanism and each share was priced at IRR 6,250 during price-discovery session.

The IPO added up the number of listed companies at TSE to 331 and its market capitalization by IRR 15, 000 billion.

275 equity shares were allocated to each trading code, bringing about a new milestone of 878252 allocated trading code in aggregate.