Public Offering of a 20 Percent Block of Lavan Oil Refining Company in the Offing
IPO Public Relations ? A 20 percent block of theLavan Oil RefiningCompany shares is set to be listed on Iran Fara Bourse on Tuesday, 16th of July. The block includes more than 228.684 million shares.
The public offering ofLavan Oil Refining Company block is at the price of the over-the- counter board on the very day (which equals the closing board price the day before) combined with a 20 percent increase provided that it doesn’t fall below 29116 Rials per share. Iran Fara Bourse is offering the shares in cash.
The overall basic value of the 20 percent blockofLavan Oil Refining Companytotals more than 60.658 thousand billion rials, tendered at a deposit equaling 665.873 billion Rials.