IPO Calendar


Announcement DateCompany NameExchange/MarketSectorPriceSharesExpected IPO DateOffer Amount
Kardan Investment Bank 
Tehran Stock Exchange
Auxiliary activities to intermediary financial institutions
7.080-5.800 IRR  630.000.000              30/08/2023On the first day of IPO it is 7 percent and then will be increasing to 15 percent


IPO DateISIN Company Name Exchange/MarketPriceSharesOffer AmountDemand
09.03.2023OM0000008934ABRAJ Energy services Muscat Stock Exchange – Parallel Market0.249377,398,00094 million RO790 million RO
05.04.2023IRO1PYPD0001 Pasargad Electronic PaymentTehran Stock Exchange5500 IRR360,000,00012%1,980,000 million (IRR)
11.06.2023IRO1GMSH0001Shahr Financial GroupTehran Stock Exchange1840 IRR3.960.000.00012%2,228,479
04.07.2023RO4Q0Z5RO1B6HidroelectricaBucharest Stock Exchange / Main MarketRON 104/share89,708,177RON 9,281,212,039 /  EUR 1,874,727,218On the retail tranche – Subscription – 478%


Announcement DateCompany NameExchange/MarketSectorPriceSharesExpected IPO DateOffer Amount
16.02.2023ABRAJ Energy servicesMuscat Stock ExchangeOil & Gas
(Drilling & Services)
Category I Subscription:
0.242 RO to 0.249 RO
Category II Subscription: Discounted Maximum Price of 0.224 RO
49%Category I Offer Period:
20/02 – 02/03
Category II Offer Period:
20/02 – 01/03
29.03.2023 Pasargad Electronic PaymentTehran Stock ExchangeComputer & Related Activities4500-5500 (IRR)360,000,00005/04/202312%
04.05.2023Agricover HoldingBucharest Stock Exchange / Regulated MarketAgribusinessResult: Not Priced

(Maximum RON 0.5/share
    Retail investors subscribe at the maximum RON 0.5/share
    Institutional investors subscribe at any price, with a maximum RON 0.5/share)
833,333,333 offered for sale (277,777,778 new shares and  555,555,555 existing shares)
Start: May 4
End: May 16
Priced at the maximum price (RON 0.5/share), RON 416,666,666 (EUR 84,519,994;  Official exchange rate published by National Bank of Romania is RON/EUR – 4.9298)
06.06.2023Shahr Financial GroupTehran Stock ExchangeInvestment Company1506-1840 IRR3.960.000.00011/06/202312%
06.06.2023HidroelectricaBucharest Stock Exchange / Regulated MarketRenewable energy producerMinimum: RON 94/share   Maximum RON 112/share78,007,110Start: June 23 | End: July 417.34%