Simkat IPO on 21 October: Nine-Month Profit Up 184%, but Payables Nearly Quadrupled
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SIMC Closed 81% Above Its Valuation Price on 21 October 2026: P/E of 5.5 Against 7.39 for Its Industry, With Cash and Payables Under Test
Sahmino editorial| 21 October| Short| 00:44
SIMC (Tabriz Wire and Cable) closed its offering day, 21 October 2026, at 45,864 rials, 81% above its 25,337-rial valuation price. On rebuilt twelve-month earnings of 8,285 rials a share its P/E is about 5.5 against 7.39 for the industry; payables rose nearly fourfold, so will the cash flow repeat next period?
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