BSI Investment Arm to Go Public

Sepehr Saderat Financial Group Company, the investment arm of Bank Saderat Iran, plans to offer on Sunday 20% of its shares in Iran Fara Bourse, the junior equity market. 
The offer includes 6 billion shares, 5.4 billion of which is supposed to be sold via an initial public offering and the rest to investment funds.  
Each share is tagged at 10,100 rials and people can buy a maximum 1,100 shares, according to a notice on the IFB website.