The details of the first IPO in 1402 were announced – Tejaratnews

According to Tejarat News, the results of the first IPO of the foreign exchange in the new year were announced by the Iranian Foreign Exchange Organization.

During today’s trading, on the 30th of May, the first over-the-counter IPO of the new year took place with the entry of the shares of Fajr Isfahan Agriculture and Livestock Company in the second market of the Iranian over-the-counter exchange.

According to the communication management of Fara Exchange of Iran, in the trading of Saturday 30th of May, the second market of Fara Exchange hosted the initial offering of shares of Fajr Isfahan Agriculture and Animal Husbandry Company with the symbol “Zafjar” which was carried out with a combined method and in two stages and was welcomed by real and legal investors. took

It should be mentioned that today 135 million shares equivalent to 15% of the total shares of “Zafjar” went on the sale table during a two-stage initial offering, which was welcomed by the market, so that one million and 279 thousand and 53 buyers, including the investment fund in the first stage and the real and legal code In the second stage, they bought shares of Zafjar today.

The first step is price discovery

In the first stage of this offering, 45 million equivalent to 5% of this company’s shares were offered to qualified investors for the first time after being admitted to the second market of Iran’s over-the-counter exchange.

During this stage, the price was discovered by the auction method at the rate of 12 thousand and 540 rials by equity and mixed investment funds as qualified investors. In this way, 77 investment funds competed in the process of discovering the price of Zafjar, and this share was initially offered at the rate of 12,540 Rials.

It is worth mentioning that the valuation price of Zafjar shares was 11,497 Rials.

The second stage and the arrival of real buyers

In the second stage of this initial offering, which started at 12:00 today, 90 million shares equivalent to 10% of Zafjar shares were sold to other investors.

During this stage, the general investors had the possibility to buy shares at the discovered rate. Accordingly, 1 million 277 thousand 881 real codes and 1 thousand 95 legal codes bought Zafjar shares at the price of 12 thousand 540 Rials.

It should be noted that the consultant of this offering, Behgazin Stock Brokerage Company, was committed to purchase Novin Capital Supply Company and Bazardaran Sina Bazardaran exclusive investment fund.

What do you know about “Zafjar”?

This report indicates that earlier in the introduction ceremony of Fajr Agriculture and Animal Husbandry Company of Isfahan, Hamidreza Esmaili, the CEO of Zafjar, introduced this group as a knowledge-based company in the field of livestock, horticultural and nursery products production and said: Zafjar is one of the subsidiary companies of the Agricultural Development Company and Ferdous Pars Animal Husbandry is the final unit of Mustafafan group.

Stating that this group has six active units, he said: Fajr Isfahan Agriculture and Animal Husbandry Company has three special animal husbandry units that breed heavy and light livestock, and three sub-units are specialized for agricultural and horticultural activities.

In this meeting, the latest financial status of Zafjar was also announced. According to what the managers of this collection explained, for the year 1401, the operating income of the company is 700 billion tomans and the net profit is 94 billion tomans. On that date (May 11), more than 100 billion tomans of net profit was realized.

The total value of Fajr Isfahan Agriculture and Livestock Company at the time of preparing the valuation report (30 January 1401) was estimated at one thousand billion Tomans, the sales growth rate was 35% and the long-term profit rate was 20%, which is lower than the country’s long-term inflation.

Also, the net value of the company’s assets for the day was 2800 billion tomans, which was calculated based on the dollar of 28 thousand tomans, which today’s market dollar is more than 50 thousand tomans.

Source: OTC