Which steel company is the initial supply?

According to Tejarat News, the ninth IPO is scheduled to be held on Tuesday this week. Based on this, 135 million shares equivalent to 5% of Shahroud Steel Company’s shares are offered in the stock market with the trading symbol Froud. The base price of this offering is 320 Tomans and the maximum quota of 6,750,000 shares will be sold to qualified investors through an auction on Tuesday.

In this offering, after the discovery of the price, in the first stage, by the auction method, until the beginning of the second stage, the symbol will be suspended in order to go through the stages of capital increase by the method of spending shares with the right of first refusal. In the second stage, the increase of the company’s capital will be to the extent that 18% of the 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 the amount of ownership after the capital increase and also stop the symbol for this issue.

Sending orders will be possible only through trading stations (namek). Also, 50% of the shares purchased on the day of the initial offering by qualified investors will not be available until 90 days after the date of the initial offering.

The consultant of this initial offering is also Setareh South brokerage and is responsible for the purchase of Omid Capital.

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