Mes Kavan Namad Targets Mid-Aban Tehran IPO of a 15% Stake, the First Private Copper Producer to List

Executives of Mes Kavan Namad and its parent Namad Sanat Pars group said at a press conference on Saturday 9 Aban 1405 (31 October 2026) that they plan an initial public offering of a 15 percent stake on the Tehran Stock Exchange. They said the offering would take place in mid-Aban if the legal steps are completed. Mehr News, quoting the chief executive, reports that 7 percent of the shares are set aside for retail sale and 8 percent for market making. Lotus Parsian Capital performed the valuation, and its report is slated for publication on Codal; the offer price has not been announced.

The company's registered capital is 250 billion tomans, and executives say that after the IPO, with the necessary approvals, they will raise it to at least 650 billion tomans from retained earnings. The controlling shareholder also aims to avoid a cash capital increase in the first months after the offering.

The chief executive said copper concentrate output reached 8,905 tonnes in Iranian year 1404 and that a second processing line at the Abbas-Abad mine, with an investment of more than 11 million euros, is the main development project. Donya-e-Eqtesad, Mehr and Boursenews reported the conference.