Equity Market to Host 1st IPO in Fiscal 2020-21

Iran Frara Bourse, the junior equity market, will host the initial public offering for 10% stake of Saba Tamin Investment Company on Wednesday. 
The offer includes 1.8 billion shares, 1.5 billion of which is to be sold to public, and 300 million to investment funds.  
The company expects to raise 18 trillion rials ($112 million) via the IPO.
Investors are required to place order on prices ranging between 11,000 -12,000 rials per share, IFB said in a notice published on its website.