The details of the city’s initial public offering on the Tehran Stock Exchange were announced – Tejarat News
According to Tejarat News, Tehran Stock Exchange published a new announcement about the city’s initial public offering. 12% of the shares of Shahr Financial Group will be offered in the Tehran Stock Exchange on Sunday, June 21.
On Sunday, dated 03/21/1402, the number of 3,960,000,000 shares equal to 12% of the shares of Shahr Financial Group Company as the 604th company accepted in the “Investments” section and the “Other Financial Intermediation” group and category with The industry code is “5699” and it will be offered in the list of rates of the second market of Tehran Stock Exchange and in the symbol “Shahr” in the order registration method to find out the price.
The maximum quota of each real and legal code will be 8000 shares. The base price is 167.3 Tomans and the ceiling and floor prices are 184 Tomans and 150.6 Tomans, respectively.
Therefore, the maximum liquidity required to participate in this initial offering (8,000 shares at a price limit of 184 Tomans) will be 1,472,000 Tomans per code.
Source: Senate