The initial supply of FASBA will be done today – Tejaratnews

According to Tejarat News, today, Wednesday, July 28, the number of 55,000,000 shares of the shares of Saba Steel Company of the Fars Gulf (public shares) for the first time after being admitted to the second market of the Iranian exchange under the symbol (Fasba 1) and mnemonic SBLZ1 in the first stage according to the method The auction is offered only to qualified investors (equity and mixed investment funds).

Sending purchase orders for qualified investors (equity and mixed investment funds) is done only by the trading stations (namek) of brokers licensed to operate in the OTC.

In this regard, it is necessary to pay attention to the following:

1) The ordering period is from 09:15 to 11:15.

2) Due to the fact that the supply method is in the first stage of the auction, the priority of matching the orders is the price first, and in the case of equal prices, the priority is the time of sending the order.

3) It is not possible to send orders in the first stage for online and online group traders. Sending purchase orders for investment funds in stocks and mixed funds is done only by trading stations (namek).

4) All purchase requests to enter the order must be limited to the price.

5) Buyers can send multiple orders to the trading system, but the maximum number of shares that can be purchased by each trading code is 20,000 shares.

6) Orders placed during the order registration period can be modified or deleted. After the end of this period, entering, deleting or modifying the order is not allowed.

7) All purchase requests for order entry must be a multiple of 2 shares.

8) He is the supply consultant of Saba Jihad Brokerage Company.

9) According to the note of repeated article 6, 3 of the guidelines for the subscription and initial offering of securities in the Tehran Stock Exchange and the Iran OSE, the relevant stock exchange must list the number and price of shares allocated to the qualified investors according to the characteristics of each qualified investor who is in the offering. Nemoh’s initial company is to disclose on the day of the initial offering. 10) Only funds (equity and mixed investment funds) are allowed to enter the order in the supply, which have sent the stock evaluation report prepared by the fund to the email address of MarketOperation ifb.ir.

11) Purchaser and commitment limit: Damavand Capital Supply Company in the amount of 66,000,000 shares equivalent to 60% of the initial supply.

12) After the discovery of the price, the trading symbol of Fasba will be stopped in order to increase the capital from the place where shares are spent and through pre-emption. At this stage, the increase of the company’s capital will be to the extent that 18% of the company’s shares will be offered to the public through the transfer of forfeited pre-emptive rights; Therefore, applicants should consider the effects of capital increase on their ownership after the capital increase and also the suspension of the trading symbol for this issue. For more details, those interested can refer to the announcement on the official website of Farabors Iran.

Source: Pulse of the stock market