According to the shahrebours, During the initial offering of 9 percent of the total shares of the Rubber Industries Investment and Development Company under the trading symbol “Ptosee”, each share of this company was priced at 8,898 rials on the second over-the-counter market.
In the second over-the-counter market, 270 million shares, equivalent to 9% of the total shares of the Rubber Industries Investment and Development Company, were offered in a mixed initial public offering yesterday. In the first stage, after the competition of investment funds, 80 equity, mixed and fixed income investment funds purchased 90 million shares, equivalent to 3% of the total shares of “Ptoshse”.
This competition lasted from 09:30 to 11:30 am, and qualified investors purchased the shares of the Rubber Industries Investment and Development Company after discovering the price of 8,898 rials for “Ptosee” through an auction method.
The second phase was also held from 1:00 PM to 3:00 PM, and more than 911,394 investors became shareholders of “Ptosee ” at a fixed price of 8,898 rials.
The report indicates that Tamin Petrochemical Oil and Gas Investment Company and Atieh Saba Investment Company were the underwriters of this offering.
Also, Saba Tamin Brokerage, Damavand Capital Supply and Financing Advisor, is committed to purchasing this initial offering. The market management of “Ptosee ” is also the responsibility of the Saba Gostar Oil and Gas Supply and Value-Creating Market Management Investment Funds and the National Pension Fund.
The buyers of “Ptosee ” shares in the second phase of the initial offering, in the number allocated on the day of the initial offering, have the option to sell these shares 30 percent higher than the discovered price until the maturity date of November 1, 1405.
Details of the initial public offering of Ptosee on the OTC
During this initial public offering of Ptosee , which was conducted in a mixed manner, the focus was on the competition of investment funds in the first stage. This process was accompanied by the discovery of a price of 8,898 rials per share, and qualified investors were able to purchase shares through an auction. Such an event indicates the market’s interest in the shares of the Rubber Industries Investment and Development Company.
Stages of the initial public offering of Pdzse shares and the number of investors
The first stage of the initial public offering of Ptosee continued from 09:30 to 11:30 in the morning, and 80 investment funds managed to purchase 90 million shares. In the second stage, which was held from 13:00 to 15:00, more than 911,394 investors became shareholders at a fixed price. These figures indicate the widespread acceptance of the initial public offering of Ptosee on the OTC secondary market.
