Ako Battery 4 Percent IPO on Tehran Stock Exchange

Ako Battery Iranian, the 11th new listing on the Tehran Stock Exchange in the Iranian year 1405, held its IPO on Wednesday, 19 August 2026 (28 Mordad 1405), offering 4 percent of its shares (400.8 million shares) in a price range of 29,206 to 32,934 rials. The offering advisor's valuation had put the company at about 37,000 billion tomans. The company's CEO said Ako Battery holds 50 percent of Iran's industrial battery market and 15 to 20 percent of the automotive battery market.