InternationalInternational Economics

Revenue of 102 billion tomans of magpies on the first day of underwriting


According to Fars News Agency, ‌ Soroush Khajeh Haghverdi, OTC Vice President, said: “As a result of the first day of subscribing to the Magpies, Esteghlal Club received 167,403,903 shares, 179,185 people, and in the case of Persepolis Club, 162,229,136 The share was bought by 201,254,000 people.

Iran’s OTC Deputy Supervisor, referring to the beginning of the supply of magentas in the OTC market (orange board) to the reporter Capital Market News (Senate)Said: According to paragraph 18 of the declarations of underwriting of new shares due to the deprivation of the right of priority in capital increase, the underwriting of Esteghlal and Persepolis will continue for 30 days from today.

Soroush Khajeh Haghvardi further stated: If the ceiling of the determined capital is completed before the expiration of the underwriting deadline and the desired funds are provided, the underwriting operation will be stopped and the underwriting will be announced.

Regarding the time of secondary transactions of these two symbols, he said: “Secondary transactions are not possible until the capital increase is registered with the Companies Registration Authority and the companies fulfill their obligations under the Exchange and Securities Organization.”

According to Fars, on this basis, on the first day of the underwriting, 48 billion and 714 million Tomans of the pre-emptive right of Esteghlal shares and 54 billion and 947 million Tomans of the pre-emptive right of Persepolis shares were sold.

Notes on buying magenta stocks

The underwriting of new shares due to the deprivation of the right of priority in increasing the capital of Esteghlal Iran Cultural and Sports Companies (Public Joint Stock Company) and Persepolis Cultural and Sports Companies (Public Joint Stock Company) will be done at the prices of 2,910 Rials and 3,387 Rials, respectively.

The minimum shares that can be bought by real and legal trading codes is 1 share and the maximum shares that can be bought by any natural and legal person is 1,030 shares in the trading symbol (Esteghlal 1) and 885 shares in the trading symbol (Persepolis 1). Brokers must be able to buy Create the above conditions in their online systems.

Sending purchase orders is allowed through online, group online access and trading stations (Namak). It will also be possible to send orders via the FIX protocol.

Applicants can only have one active order per symbol in the system. Editing the volume or deleting the order is allowed only at the time specified by the supervisor, and after the end of the subscription time, it will not be possible to edit or delete the order.

Stock subscription fees are collected from buyers in accordance with the rules approved by the Exchange Organization. Therefore, buyers pay the underwriting fee in addition to the purchase amount.

It is forbidden to buy subscribed shares using the group purchase code.

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