What are the details of the new initial public offering of Capital Market / Faghdir?

According to Tejarat News, according to the OTC announcement, the shares of one of the largest steel holdings are scheduled to be sold on the fourth day of June. Initial release Be. On this basis, Ghadir Iranian Iron and Steel Company with the symbol of Faghdir for trading and Initial release Will enter the OTC market.

The capital of this company is 1.2 thousand billion tomans, which is to be offered 2.5% of the total shares of the company with a price floor of one thousand and 450 tomans.

Experts believe that in this situation, the financial markets are profitable to buy the initial public offering.

About Ghadir Iranian Iron and Steel Company

Ghadir Iranian Iron and Steel Company was established in 1985 in cooperation with Imidro and with the participation of Ghadir, Chadormelo and Iranian alloy steel investment companies. Direct sponge iron production plant with an annual production capacity of 800,000 tons, which was increased to 1.2 million tons per year. Its purpose was to supply part of the raw materials required by steel mills in Yazd province and other steel mills in 25 km of Ardakan in Yazd province and adjacent to Chadormelo pelletizing plant.