Fara Bourse's Tenth IPO of the Year, 4 Percent of Ehya Steel Bafat, Set for Monday

According to Bourse News, 4 percent of the shares of Ehya Steel Bafat Company will be offered on Monday, 19 Mordad 1405 (10 August 2026), as the tenth initial public offering of the year, through a combined method on Iran Fara Bourse's second market. The report said 2.5662 billion shares, equal to 4 percent of the company, will be sold at a base price of 2,582 rials per share in two stages: 1.33 percent through an auction with a maximum quota of 10,666,000 shares for qualified investors in the first stage, and the remaining 2.67 percent at the discovered fixed price, with a maximum quota of 3,500 shares per buyer, for retail and institutional shareholders in the second stage.

The report said the offering advisers are Loghman and Bank of Industry and Mine brokerages, with Damavand Investment Bank as underwriter. Buyers in the second stage will also hold a put option on their shares at a strike price 30 percent above the discovered price, maturing on 19 Mordad 1406 (10 August 2027).