IPO Gets Cold Shoulder

With the share market languishing in the red amid the non-stop capital outflow by retail investors, new listed companies issuing IPOs no longer see welcome signs from investors.  
Investor turnout during the latest IPO on Wednesday was almost a fifth of the robust participation during the heydays of stock market less than two years ago. 
The IPO was held for Pouya Zarkan Aghdareh, a mineral extraction company, with 10% stake on offer with 300 million shares, according to notice seen on the website of Iran Fara Bourse, the junior equity exchange.