The role of providing Omid capital in the issuance of Tabriz Petrochemical shares.
The initial public offering of Tabriz Petrochemical Company shares with the trading symbol "Shabriz" was successfully carried out on Wednesday, October 28, 1,405 in the Tehran Stock Exchange, with the presence of Omid Capital Financing Company as appraiser and underwriter of the purchase. According to Maimon Omid's public relations report, during the initial public offering of Tabriz Petrochemical Company, 249,100,000 shares, equivalent to 5% of the company's total shares, were offered through placing orders on the main board of the second market of the Tehran Stock Exchange. In this offering, the final price of each share was set at 65,000 riyals, and the total value of the offered shares reached approximately 1,619 billion tomans. Also, the participation of more than two million trading codes in the order registration process showed the broad acceptance of investors for the company's initial public offering. In this event, Omid Capital Financing Company participated in the process of another large industrial company entering the capital market by fulfilling the role of valuer and purchase obligation. The presence of this company in the initial offering of Tabriz Petrochemicals coincides with the development of Omid's special capital provision activity in the field of the valuation of economic enterprises, the commitment to purchase securities and the provision of financial services to companies seeking to enter the capital market. With this initial public offering, Tabriz Petrochemical joined the list of companies in the capital market as the 660th company admitted to the Tehran Stock Exchange. Participation in the initial public offering process of large companies and the provision of special services related to the initial market, including Omid's areas of capital supply activity, is intended to facilitate the access of economic enterprises to capabilities in the capital market and to support the development of financing tools and services. The initial offering of Tabriz Petrochemical shares is another step in Omid's portfolio of special capital provision activities and indicates the continued presence of this financial institution in valuation processes, securities offering and capital market development in the country.