The initial public offering of Tabriz Petrochemical Company, symbolized as 'SHTabriz', is scheduled for Wednesday of this week. This offering comes as Tabriz Petrochemical enters the capital market and as the six hundred thirty-first company accepted on the Tehran Stock Exchange.
Introduction and Position of Tabriz Petrochemical
Tabriz Petrochemical has been active in the production of petrochemical products since 1996 and is located on a 400-hectare site, including 150 hectares of industrial space, in the northwest of the country. This complex is recognized as the first producer of polystyrene products in Iran, with an annual nominal production capacity of 870,000 tons of various polymer and chemical products.
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The CEO of Tabriz Petrochemical, Seyed Noorollah Mirashrafi, stated that this complex supplies over 60% of the market's demand for high-impact polystyrene and about 40% of the demand for regular polystyrene. Tabriz Petrochemical also holds a leading position in the production and supply of specific polymer grades such as polyethylene 3840 and 5030.
Details of the Introduction Ceremony and Objectives of the IPO
The introduction ceremony of Tabriz Petrochemical Company will be held on October 24, 2026, with the presence of senior managers and representatives of major shareholders. Ebrahim Sadeghi, the Corporate Governance Deputy of Persian Oil and Gas Development Group, highlighted the importance of this IPO for completing the process of listing the companies in the group. He also announced the group's plans to explore the possibility of bringing other non-listed companies into the capital market.
Mirashrafi further mentioned Tabriz Petrochemical's export capacity, stating that approximately 30% of the company's production is exported to 17 foreign countries. Additionally, the acquisition of 100% of the shares of 'Tejarat Gostar Navak Asia' has been made to achieve a more integrated management of the feed transportation chain.
Moreover, the Financial and Economic Deputy of Tabriz Petrochemical, Hemmat Jafari, reported an operational profit of 7.3 trillion rials in the first half of this year. This success reflects the positive financial performance and capabilities of Tabriz Petrochemical in the market.
Ultimately, Tabriz Petrochemical aims to improve production processes and increase added value in the production chain through the implementation of development plans and strengthening production infrastructure. This company, considering its commitments to supply products on the commodity exchange, also has access to international markets.
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