Two Fenoghreh Shareholders Sell Combined 680 Billion Rials of Shares Following the Company's IPO

Following the public offering of Zoubgaran Rangin Felez shares, trading as Fenoghreh1, on Iran Fara Bourse's second market on Tuesday, 31 Shahrivar 1405 (September 22, 2026), two of the company's shareholders sold part of their holdings as part of that offering. According to a group A material disclosure by Zarrin Ma'dan Asia (ticker Kzarin) on Codal, the company held 25,000,000 shares, or 0.5 percent of Fenoghreh, of which it offered 24,999,998 shares at 1,851 rials each, worth close to 390 billion rials.

A similar disclosure from Kimia Zanjan Gostaran Industrial and Mining Company (ticker Kimia) showed it sold 18,748,999 of its 18,750,000 shares, equal to 0.4 percent of Fenoghreh, at 15,851 rials each, worth close to 290 billion rials. Both filings described the offering proceeds as material relative to the respective sellers' projected 1405 profit.