Tehran Stock Exchange Lists A Detergent Manufacturer

The 6th IPO at TSE in the Iranian year was accomplished on 6 February 2018.

Total number of 100 million equity shares (10% of total shares) in Behshahr Industries Development’s Cleansing Industry Management Company (BIDCIM) were floated at Tehran Stock Exchange via book building method on 6 February 2018.

The equity price discovery valued each share of BIDCIM at IRR 2,730.

The newly listed company is a supplier of detergent, cosmetic and sanitary products in Iran.