Simkat IPO Set for Wednesday 21 October on Farabourse's Second Market, Valued at 25,337 Rials a Share

Iran Farabourse announced that the initial public offering of Tabriz Wire and Cable Manufacturing (symbol Simkat) will take place on Wednesday 21 October 2026 (29 Mehr 1405) on its second market. Boursenews reported it as Farabourse's 18th IPO of 1405. The valuation price is set at 25,337 rials a share (2,533.7 tomans).

In the first stage, 32,444,824 shares, 4 percent of the company, go to qualified investors by auction, with a cap of 405,600 shares per trading code. In the second stage at least 64,889,647 shares, 8 percent, are offered at a fixed price to other applicants. Mehr reported on 17 October (25 Mehr) that the company's nine-month net profit was 490 billion tomans; those figures were supplied by the company and its offering adviser. The valuation price is not a final discovered price and not a guaranteed return.