Upcoming Initial Public Offering at IFB

Ghiam Agricultural and Livestock Company has recently been listed on Iran Fara Bourse and is set to have its initial public offering in the over-the-counter market soon. This would mark the current fiscal year’s 11th IPO on the equity market, Bourse Press reported. The company, established n 1994, is currently listed on IFB with a market cap of 350 billion rials ($8.7 million). Its major shareholders include Ferdows Pars Agriculture and Livestock Company and Islamic Revolution Mostazafan Foundation. The market’s latest IPO was for East Azarbaijan Pegah Company, South Kaveh Steel Company, Asia Seir Aras Company, Iran and Shargh Leasing Company, Rishmac Company, HiWeb, Chador Sazan Company, Parsian Kowsar Hotel, MobinOne Kish and Behpardakht Mellat respectively.