A new over-the-counter / campus insurance underwriting enters the market

According to Tejarat News, according to the OTC announcement, the company, which is about to establish Pardis Insurance, will accept 825 million shares from December 4, 2014.

The initial capital of the campus insurance was 300 billion tomans, which is equivalent to 3 billion shares of 100 tomans.

This underwriting started on Saturday, December 4, 1400 and will continue until the end of office hours on Saturday, December 18, 2009. The amount payable for each share in the underwriting is 50 Tomans, which is paid in cash at the time of underwriting.

In this subscription, natural persons can buy at least 10 thousand and at most 100 thousand shares and legal entities can buy at least 10 thousand shares and at most 10 million shares.

What is the difference between an underwriting and an initial public offering?

When a stock is offered in the stock market, the price of that stock is determined using the valuation and it is offered in one of the stock exchange or over-the-counter markets. The positive point in the initial public offering of a symbol in the capital market is the ability to trade that share from the day after its offering in the market.

But the underwritings are with a nominal price of 100 Tomans and after the completion of the process, the steps related to the registration of the company must be followed. This stage may take days or months and then be traded.

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