Lesson 20

IPOs on TSE

An initial public offering brings shares to public investors. The offering notice specifies the instrument, price process, eligibility, dates and allocation.

Read in Persian

Sahmino editorial· 24 July· 2 min read· Stocks

An initial public offering brings shares to public investors. The offering notice specifies the instrument, price process, eligibility, dates and allocation. An application is not a guaranteed allotment. Book-building collects demand under the issue’s terms; allocation can be smaller than requested. An IPO price does not establish fair value or a guaranteed rise after trading begins. International investor guidance explains these risks, while the current Iranian exchange notice governs the actual application. Use Sahmino’s calendar to find the dated event and open its source.

Worked example (hypothetical)

You request 500 shares at a hypothetical 10,000 rial. If 120 are allotted, the purchase value is 1.2 million rial before charges. The unused request amount is not invested in the issuer.

Check your understanding

Does past IPO performance guarantee this issue’s return? No. Review the issuer, valuation, supply and current offering terms.

Sources, reviewed 5 October 2026

Updated Investor Bulletin: Investing in an IPO

Tehran Stock Exchange Sahmino Academy IPO

Finished reading?

You decide when this step is read. Opening a page does not mark it complete.

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