TSE New IPO: Shahr Group Subscribed by +2 Million Investors

Monday, 26 June 2023


A new company was listed on Tehran Stock Exchange (TSE): Shahr Financial Group made stock market debut on Sunday, 11 June 2023.

Reported by TSE’s PR and Int’l Dept., the Initial Public Offering (IPO) of 3 billion and 960 million shares, equivalent to 12% of the stocks of Shahr Financial Group, with a notable participation of 2,228,479 trading codes was conducted at Tehran Stock Exchange on Sunday, 11 June 2023.

Shahr Financial Group, fully owned by Shahr Bank, was established as a private joint stock company in 2013 in order to take advantage of the economic conditions and optimal management of the companies under the supervision of Shahr Bank and the Municipality. Today, it was listed as 604th company, under the sector of “investments and other financial intermediaries” on TSE. It was announced that 1,863 shares, at the price of IR Rials 1,840 per share, were assigned to each participant in the IPO.

The news link on our websiteè https://tse.ir/en/news/newsPages/news_N72433.html