Should we buy the initial supply of Haghar?

According to Tejarat News, OTC announced in an announcement the initial public offering of shares of Gohar Trabar Sirjan Mineral Transportation Company. Accordingly, 444 million shares of this company are to be offered with a price floor of 545 Tomans per share.

The price floor of this offer is 545 Tomans for each share and the maximum quota is 44 million and 400 thousand shares to eligible investors by auction method in the first OTC market.

Sending the order will be possible only through trading stations (Namak). 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.

What are trading stations?

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.

Increase initial supply revenue

Gohar Trabar Sirjan Minerals Transportation Company sold 204 billion Tomans of its products in the month ending April, which has increased by 111% compared to the same period of the previous year.

The company earned 204 billion tomans in a month with a capital of 444 billion tomans.