A gate in the initial public offering of Shahr Financial Group shares in Tehran Stock Exchange: Our capital is currently 3300 billion tomans and it is at the right level.

CEO and member of the board of directors of Shahr Kaft Financial Group: Since 2019, we have made a lot of efforts to increase the transparency of the activities and financial reports of this group, which fortunately has achieved the desired result.

According to the economic reporter of Bursa Times, The initial public offering of shares of Shahr Financial Group was held at noon today, Sunday, June 21, 1402, in the presence of Ismail Dargahi, CEO and member of the board of directors of Shahr Financial Group, and a group of media members, at the Tehran Stock Exchange and Securities Company.

Ismail Dargahi, CEO and member of the board of directors of Shahr Financial Group

Ismail Dargahi, the CEO and member of the board of directors of Shahr Financial Group, in the ceremony of the initial public offering of Shahr Financial Group’s shares, told reporters: Credibility and transparency in the capital market are the key and essential advantages of Shahr Financial Group’s shares.

He went on to say: According to the statistics provided to us from the share offering of Shahr Financial Group in the stock market, this offering was successful and most of the shares were sold out of the 3 billion and 960 million shares offered by this group.

A member of the board of directors of Shahr Financial Group, referring to the advantages of these shares, stated: Shahr Financial Group is a bank holding company and although all the companies that enter the stock exchange are valid, but this group derives its credit from the banking group and Shahr Meri Bank, which is one of the most reliable groups active in the stock market.

Dargahi continued: In addition, the financial group of Shahr includes a diverse portfolio of activities, among which we can mention capital provision, leasing operations, construction investment, etc., and this diversity of investments causes In economic ups and downs, maintain our profitability with necessary stability.

He considered the other advantage of this share to be its transparency and stated: Since 2019, we have made a lot of efforts to increase the transparency of the activities and financial reports of this group, which fortunately has achieved the desired result and the desirability and transparency of our financial reports by regulatory authorities. Inspectors and auditors have been approved.

At the end of his speech, the CEO of Shahr Financial Group said about the capital increase of this group: Our capital is currently 3300 billion tomans and it is at the right level. However, we have not abandoned the possibility and capacity of financing through capital increase, and this year we may also put capital increase through the accumulated profit on the agenda.

According to this report, the details of Shahr Financial Group’s initial offering were published before the listing in the Tehran Stock Exchange.

Considering the allocation of a maximum of eight thousand shares to each code and with a price limit of 184 Tomans, The maximum liquidity required to purchase this initial offering was 1,472,000 Tomans.

Sunday, June 21, 1402, approximately 3,960,000,000 shares equal to 12% of Shahr Financial Group’s shares as the 640th company accepted in the “Investments” section and the “Other financial intermediation” group and category with the industry code “5699” And it was offered in the price list of the second market of Tehran Stock Exchange under the symbol “City” in order to find out the price.

Also, it was possible to enter the order only with the trading code and in the time period and price range set for order registration, and entering the order in a group was not allowed. All online customers were able to place orders according to the mentioned conditions.

It should be noted that the base price was 167.3 Tomans and the ceiling and floor prices were set at 184 Tomans and 150.6 Tomans, respectively. The maximum quota of each real and legal code was 8000 shares.

Correspondent: Fatemeh Dadashi