Public Offering of a 20 Percent Block of the Shiraz Oil Refinery Company in the Offing
IPO Public Relations ? A 20 percent block of the Shiraz Oil Refinery company shares is set to be listed on Iran Fara Bourse on Monday, 15th of July. The block includes more than 1.27 million shares.
The public offering of Shiraz Oil Refineryblock 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 35500Rials per share. Iran Fara Bourse is offering the shares in cash.
The overall basic value of the 20 percent blockof the Shiraz Oil Refinery company totals more than 70.295 thousand billion rials, tendered at a deposit equaling 729.555billion Rials.