Ghiam Esfahan IPO Priced At Top End Of Target Range

A new agricultural company was offered to the public today on Iran Fara Bourse Second market. Ghiam Esfahan Agricultural and Livestock Company offered a price range of 2300 to 2369 rials a share and each investor could bid only on the maximum number of 700 shares.

Ghiam Esfahan Company initial public offering conducted today by Behgozin Brokerage company and each share was discovered 2369 rials at the end of the IPO process which was the higher end of its target range.

It was IFB’s third IPO of the year in which 10% (35 million shares) of the shares of Ghiam Esfahan Agricultural and Livestock Co. went public under book building method and more than 43,000 traders participated in this IPO.