Fesap IPO on Monday 20 Mehr: 368.5 Million Shares in a 3,610 to 4,070 Rial Range, the Year's IPO Number 24

According to a Tehran Stock Exchange notice carried by Boursenews, shares of Sazeh Pooshesh Mammoth (ticker MMUT, Fesap) will be offered in an initial public offering on the Tehran Stock Exchange on Monday, 20 Mehr 1405 (October 12, 2026). The offer is 368.5 million shares, 5 percent of the company, sold by order registration for price discovery.

The price range is 3,610 to 4,070 rials with a base price of 3,840 rials. The order cap is 1,000 shares per trading code; at the top of the range that order is worth about 407 thousand tomans, though the cash each code actually needs after allocation will be lower and depends on how many investors take part. The offering manager is Firouzeh Asia Brokerage, and Damavand Capital Market Company is the buy underwriter, up to 50 percent of the shares on offer.

Fesap is company number 640 listed on the Tehran Stock Exchange and will sit in the metal products manufacturing sector on the second-market main board. Boursenews counts it as IPO number 24 of this year, after 23 companies had already offered in 1405.