New Rules for IPOs of Small Companies

Iran Fara Bourse, the junior equity market, plans to offer shares of a railroad company based on new rules guiding initial public offerings.
Rail Pardaz No’Afarin Company is to go public on Monday and the IFB for the first time will enforce rules governing IPOs for small companies and those with poor financial performance.
The small company plans to offer 5% of the stake comprising 371 million shares worth 1.23 trillion rials ($4.4 million), according to a notice posted on the IFB website.
Along with many small companies, the newly listed company’s IPO was postponed several times because prevailing IPO mechanisms were incompatible for small companies.