Fakour IPO Opens Today on Farabourse's Second Market: 4 Percent of Shares in Two Stages, With a Put Option 35 Percent Above the Discovered Price

Shares of Tehran Fakour Sanat Engineering (ticker Fakour) are being offered today, Tuesday 21 Mehr 1405 (13 October 2026), in an initial public offering by the combined method on Iran Farabourse's second market. According to the Farabourse notice published by Mehr, 2.8 billion shares, equal to 4 percent of the company, are on offer; registered capital is 70,000 billion rials (7,000 billion tomans).

In the first stage, 700 million shares (1 percent) are offered to qualified investors, including equity, mixed and fixed-income funds. The valuation is 3,544 rials per share and the cap per trading code is 8,750,000 shares. In the second stage at least 2.1 billion shares (3 percent) are offered to other investors at a fixed price taken from the price discovered in the first stage, with a cap of 4,200 shares per individual or institution.

Second-stage buyers receive a put option for the number of shares allotted; its strike is 35 percent above the price discovered on the day of the offering and it expires on 21 Mehr 1406. The seller is Pars Symbol Industry Group, the offering adviser is Nahayatnegar Brokerage and Kardan Capital is the underwriter. The final price will be discovered in today's session.