New initial public offering for funds
According to Tejarat News, the capital market today hosts the initial public offering of Ferrosilicon Company. Over the past two weeks, OTC will make an initial public offering to the funds through the auction method.
Today, Wednesday, five percent of the shares of Ferrosilicon Khomein Company, including 40 million shares with a base price of 1,900 Tomans per share and a maximum quota of 4 million shares, will be offered to eligible investors by auction in the secondary OTC market as the third initial public offering this year.
Sending the order 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.
Apart from the initial presentation of Haghar, which took place yesterday, the symbols of Soghdir and Haafarin were also presented in this way.
What is a name?
Brokers are intermediaries between traders and the stock exchange and place their clients’ orders through trading venues (trading stations) that are connected to the stock exchange trading system. Each brokerage may use more stations depending on the number of its customers, and each station is identified by a code, which is called the trading station code.
The capacity of the capital market trading system was 600 transactions per second, this number was 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.