What is the maximum liquidity required to buy the initial public offering on the OTC market?

According to Tejarat News, according to the OTC announcement, the shares of Farz 1 are to be offered on the OTC market today by registering an initial public offering order.

The company is listed on the OTC market.

Today’s order registration time was extended from 9:30 to 12 o’clock.

300 million shares of Pouya Zarkan Aq Dareh Company, equivalent to 10% of the company’s shares, will be offered.

This amount of shares is offered in the price range of 17 thousand 726 to 21 thousand 666 Rials per share and with a quota of 250 shares for each real and legal code.

Taking into account the share of each code, the maximum is 350 shares, so the maximum required liquidity is approximately 542 thousand Tomans. Considering the participation of 2.5 million people in the previous initial public offering, each person will probably receive 120 shares of the initial public offering, which requires a liquidity of about 260,000 Tomans.

The date of acceptance of this company is 5 October of this year and it has been registered with the Stock Exchange and Securities Organization on 4 Bahman 1399. This company with the trading symbol “Fazr”, in the group of metal ore extraction, subgroup of extraction of non-ferrous metal ores is listed on the first OTC market of Iran.

Due to the shareholders’ losses in the previous initial public offerings, Fazr 1 has guaranteed an 18% annual profit for the shareholders participating in this initial public offering.