Shatran: the IPO that Returned 11X After a 7 Month Halt, From 7,500 to 83,000 Toman (Wed, Sep 30, 2026)

On October 10, 2012, Tehran Oil Refining (Shatran) listed on Iran Fara Bourse at a discovered price of 7,500 toman a share. About 7 months later, on April 30, 2013, it reopened near 83,000 toman, roughly 11 times the offer price. This report traces that IPO, why the reopening price reset happened, how it differs from a buy call, and Rasad desk's current reading on the symbol itself today.