48 Companies Raised 18.65 Trillion Tomans in IPOs on Tehran's Bourse and Farabourse Over Two Years

According to Boursenews, official capital market data shows that since the 14th government took office (a period of nearly two years), a total of 48 companies have held initial public offerings on Tehran's stock exchange and Iran's Farabourse, 14 on the main bourse and 34 on Farabourse. The combined value of these IPOs was reported at 186,460 billion rials, equal to about 18.65 trillion tomans.

Per the report, the largest IPO of the period by value was Arvand Petrochemical at 22,500 billion rials, followed by Sirjan Iranians Steel at about 19,600 billion rials and Ghadir Financial Group at about 10,500 billion rials. By number of listings, the investment and food and beverage industries (excluding sugar) each accounted for five companies, the largest share of the period's IPOs.