Equity Market’s 7th IPO This Week

Iran & Shargh Leasing Company is expected to hold its initial public offering this week, which marks the seventh IPO of the current fiscal year (started March 21) on the equity market. With a nominal capital of 300 billion rials ($7.69 million), the company was listed as the 89th company on Iran Fara Bourse back in June. It has forecasted a 356-rial earnings per share for the current year and its general meeting on Tuesday is set to determine the exact date for its IPO. Established back in 2005, “ISLZ” is currently the 10th largest leasing company in the capital market. The market’s latest IPO was for Rishmac Company in late September, followed by HiWeb, Chador Sazan Company, Parsian Kowsar Hotel, MobinOne Kish and Behpardakht Mellat respectively, Bourse Press reported.