Saman Kish Electronic Payment Company (SEP) publicly floated 10 percent of its equities (equal to 180 million shares) for the first time after listing at Tehran Stock Exchange (TSE) on 3 June 2018.
SEP’s IPO accomplished through book-building method, and each share’s price was discovered at IRR 6,500.
The total number of listed companies at TSE reached 327 with the new listing, on which 110,000 investors’ orders were registered.
Based on the new issuer’s website, SEP started its activity in July 2003 aimed at presenting modern electronic payment solutions by focusing on two areas of card services and creating an integrated card POS network. Among local payment service providers (PSP), the company includes about 17 percent of Iran’s market share by the total number of transactions.