Faghdir initial public offering details / Who will buy this initial public offering?
According to Tejaratnews, according to the OTC announcement, the shares of one of the largest steel holding companies are scheduled for today. Initial release Be. On this basis, Ghadir Iranian Iron and Steel Company with the symbol of Faghdir will enter the OTC market for initial public offering.
This company with a capital of 1.2 thousand billion Tomans offers 300 million shares equivalent to 2.5% of the total shares of the company with a price floor of one thousand and 450 Tomans.
Sending orders will be possible only through trading stations (Namak). Also, 50% of the shares purchased on the day of the initial public offering by eligible investors will not be available until 90 days after the initial public offering date.
In fact, the general public is not allowed to participate in this offer, and the company’s shares are offered only to eligible investors. Eligible investors are negotiable investment funds and mutual funds registered with the Exchange and Securities Organization.
About Faghdir initial release
Ghadir Iranian Iron and Steel Company was established in 1985 in cooperation with Imidro and with the participation of Ghadir, Chadormelo and Iranian alloy steel investment companies. Direct sponge iron production plant with an annual production capacity of 800,000 tons, which was increased to 1.2 million tons per year. Its purpose was to supply part of the raw materials required by steel mills in Yazd province and other steel mills in 25 km of Ardakan in Yazd province and adjacent to Chadormelo pelletizing plant.
Accordingly, three companies: Chadormelo, Iran Alloy Steel and Ghadir International Industries and Mines Development Company. Initial release They will benefit.
Faghdir has set a profit of 214 Tomans per share for the 12 months ending March, which shows a growth of 76% compared to the last year.
What is a name?
Brokers are intermediaries between traders and stock exchanges. They place their customers’ orders through trading places (trading stations) that are connected to the stock exchange trading system. Each brokerage may use more stations depending on the number of its clients. Each station is identified by a code, which is the code of the trading station.
Trading system capacity Capital Market It was 600 transactions per second, which later increased to 3,000 transactions per second. Finally, in the summer of 1999, with the cooperation of Iranian engineers, this capacity reached 20,000 transactions. The annual membership ceiling of brokerage companies in the stock exchange includes a fixed part of 20 million Tomans per year and a variable part of 5% of the income from brokerage fees.