For weeks the 5% offering of Taban Farda Petrochemical Group has been called "the biggest IPO in Iran's market history." Yet on July 11, 2026, the value of Vomahan's 5% purchase was revised down from 425 to 275 trillion rials, meaning the two counterparties themselves cut the price by about 35%. This report separates three valuation anchors, tests the "record" claim in dollars, and corrects the wrong prices circulating online. This is not buy or sell advice.
