One billion shares of Mobin Petrochemical Company (MPC), seven percent of total equities were offered for the first time at Tehran Stock Exchange on Tuesday 28 April 2015, as the second IPO of the Exchange during this month. Out of the company’s total shares, five percent was offered to the public, and the remaining part was offered to its employees by MPC.
Each share’s price was discovered at IRR 2,900 to be traded at the second market of the Exchange. With this IPO, Tehran Stock Exchange’s listed companies amounted to 316.
Mobin Petrochemical Company, as the largest centralized utility plant in Iran is located in the first phase of South Pars Economic Zone. MPC’s plants provide power, steam, gases and some industrial products for the zone’s petrochemical complexes.