Tehran Stock Exchange offers Kermanshah Petrochemical Industries Co KPI

Monday, 14 November 2011

On 13 November 2011, trading on Kermanshah Petrochemical Industries' equity shares was started on Tehran Stock Exchange for the first time after listing. At the first day, 23.5 Million equity shares of KPI were traded at the price of IRR 4,500 (0.416 USD) with the total value of IRR 105.9 billion (USD 9.8 million). With regard to the share price, market value of KPI reached to IRR 3,970 billion (USD 367 million). KPI's free float shares exceed 40 percent. Kermanshah Petrochemical Industries Co. was established in 1996. The company's plant is located in Kermanshah-Harsin road. Currently, 467 people are employed by this company. KPI's daily production capacity exceeds 1,200 tons of ammonia and 2,000 tons of urea fertilizer which can be increased to double. Company's capital amounts IRR 882 billion.