Forrah Exchange hosted a new initial offering – Tejaratnews

According to Tejarat News, it has been a while since the situation of the capital market has changed and because of this, we are witnessing the initial supply of new products in the market.

With the improvement of the trading situation and after the initial offering of 20% of the shares of Khorasan Cotton and Oilseeds Company on Monday of this week, South Housing Investment will enter the market as the 17th new company through OTC on Tuesday 11th of Bahman.

In this way, 210 million shares equivalent to 15% of the shares of “Thaznoob” with a valuation price of 8334 Rials and a maximum quota of 10.5 million shares will be offered to qualified investors in the second market of over-the-counter transactions by auction method. He is the supply consultant of Maskan Bank Brokerage and undertakes the purchase of new capital supply.

It will be possible to send orders only through trading stations (namek). Also, 50% of the shares purchased on the day of the initial offering by qualified investors will not be able to be offered until 90 days after the date of the initial offering.

South housing investment, active in construction, sales and providing after-sales services in the construction industry, started in 1971 as the south branch and covering Fars and Bushehr region, and with the consolidation of the south branch, Kish, Hormozgan and Kerman, it was named South housing investment on July 27, 2018. It was established in Tehran Companies Registration Office and transferred to Shiraz Companies Registration Office in 1993 and was registered.

“Shanub” with 74 personnel has a nominal capital of 140 billion tomans and the housing investment group owns 99.9% of the company’s shares.

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Source: Stock Exchange