When is the initial release of Shatabriz?

Iranian economy:

The capital market is on the verge of hosting another major company in the petrochemical industry. In addition to explaining the financial performance and production capacities, the directors of Tabriz Petrochemical announced the details of the stock offering plan, development plans and the value of the group’s assets in the latest introduction meeting of this company. The information presented shows that a new symbol is on the way to enter the Tehran Stock Exchange; But the final release time still depends on the official announcement.

According to the report published on Monday, November 4, 1405, Tabriz Petrochemical Company with the trading symbol “Shatbriz” is on the verge of an initial public offering in the Tehran Stock Exchange.

Ebrahim Sadeghi, Vice President of Corporate Governance of Parsian Oil and Gas Development Group, announced at the introduction ceremony of this company that the initial supply of Tabriz Petrochemical will probably take place on Wednesday, November 6, 1405.

However, the announced date is currently the expected plan of the company’s managers, and the definitive implementation of the offering depends on the publication of the official announcement of the Tehran Stock Exchange.

What day is the initial release of Tabriz Petrochemical?

The introduction ceremony of Tabriz Petrochemical was held on Saturday, November 2, 1405 in the presence of company managers, representatives of major shareholders, valuation consultants and capital market activists in Tehran Stock Exchange.

In this meeting, the managers explained about the production status, financial performance, development plans and conditions for the company’s entry into the capital market.

Ebrahim Sadeghi announced that based on the planning, the initial stock offering of this collection is expected for Wednesday of this week.

Therefore, the possible date of the initial release of Shatabriz is Wednesday, November 6, 1405; But the price of each share, the final number of shares to be offered and the conditions of participation must be specified in the official announcement.

The information table of the initial supply of October

At what value will Tabriz Petrochemical enter the stock market?

Hemat Jafari, the financial and economic vice president of Tabriz Petrochemical, announced at the introduction ceremony that the book value of this company is about 21 thousand billion tomans.

He also announced the estimated value of the company for the initial offering of nearly 30 thousand billion Tomans.

According to Jafari, the daily net value of the company’s assets or NAV is estimated at more than 227 thousand billion tomans.

These figures represent the difference between the book value, the valuation used in the supply process, and the estimated current value of the assets.

Of course, the net value of assets alone does not determine the fair price of shares, and to evaluate the company, debts, profitability, cash flow, the cost of implementing plans and other financial factors must also be examined.

Table of financial performance of Tabriz Petrochemical in 1405

According to the figures announced in the introduction ceremony, the financial performance of the company in the first half of this year is as follows:

The figures in the table are based on the information provided by the managers of the company in the introduction ceremony. The projected profit for the second half is the company’s estimate and has not yet been realized.

Sale of 28 thousand billion tomans of Tabriz Petrochemical in six months

One of the important points of Tabriz Petrochemical’s financial report is the record of sales of 28 thousand billion tomans in the first half of 1405.

Hemat Jafari announced that 19 thousand 300 billion Tomans of this amount have been registered through the Commodity Exchange.

This is despite the fact that the value of the company’s sales in the commodity exchange was 17,200 billion tomans during the whole of last year.

In this way, the company’s six-month sales in the commodity exchange were about 2,100 billion tomans more than the previous year’s sales in the same platform.

The managers of the company also mentioned the time management of purchasing raw materials and feed as one of the effective factors in controlling the cost price.

What is the net profit of Tabriz Petrochemical?

According to the report presented at the induction ceremony, Tabriz Petrochemical has managed to record 6,276 billion tomans of net profit in the first six months of 1405.

In the same period, the company’s gross profit was 8,679 billion tomans and its operating profit was 7,300 billion tomans.

Hemet Jafari also said that the company’s estimate for the profit of the second half of the year is about 9,300 billion tomans.

However, this figure is a management forecast and its realization will depend on the conditions of production, sales, feed costs, exchange rates and the state of the petrochemical products market.

What products does Tabriz Petrochemical produce?

Seyed Nouraleh Mirasharafi, CEO of Tabriz Petrochemical, announced at the introduction ceremony that this complex was the first producer of polystyrene products in Iran.

According to him, the company’s nominal production capacity reaches 870,000 tons of polymer and chemical products per year.

The CEO of the company also announced that Tabriz Petrochemical supplies more than 60% of resistant polystyrene and about 40% of ordinary polystyrene required by the domestic market.

This group is also active in the production of some special polymer grades, including polyethylene 3840 and 5030.

Tabriz petrochemical exports to 17 countries

Another axis raised in the introduction meeting was the export capacity of Tabriz petrochemicals.

The CEO of the company announced that about 30% of the products of this collection are exported to foreign markets.

According to the information provided, the petrochemical products of Tabriz have reached 17 foreign countries.

The geographical location of this complex in the northwest of the country and its proximity to regional markets are among the features that the company managers emphasized.

Tabriz petrochemical development plans progress table

The CEO of Tabriz Petrochemical announced that the polypropylene granulation unit and the sustainable electricity supply project are planned for operation this year.

Also, the first phase of the industrial wastewater treatment project is scheduled to be put into operation at the end of 1405.

Tabriz petrochemical capital increase program after initial offering

In another part of his speech, Hemat Jafari informed about the capital increase program of Tabriz Petrochemical.

According to him, the accumulated profit of the company at the end of the first six months of this year has reached 10,500 billion tomans.

After the initial offering and with the approval of the major shareholders, the company’s managers plan to pursue the capital increase from the accumulated profit.

However, the percentage of capital increase and the time of its implementation have not yet been announced and will require legal procedures and publication of official information.

What is Tabriz Petrochemical’s plan for winter?

Sustainable supply of energy in the cold months of the year was one of the topics of attention of investors in the introduction ceremony.

The CEO of Tabriz Petrochemical announced that the main feed of this complex is naphtha and natural gas is mainly used as thermal fuel.

According to him, last year half of the complex’s fuel consumption was provided by gas and the other half by diesel.

The company has also announced that it has received the necessary permits for the winter of this year, and in case of a pressure drop or gas cut, it is possible to change the fuel of the turbines to diesel.

These measures are aimed at reducing the risk of stopping production in the cold season; However, the actual sustainability of production will depend on the energy supply conditions.

Is Shatabriz IPO attractive to shareholders?

The entry of Tabriz Petrochemical into the stock market can attract the attention of investors interested in the petrochemical industry; Especially considering the announced sales and profitability figures and the company’s development plans.

However, the economic valuation of shares depends on the final offering price, number of shares issued, debt status, investment cost of plans and sustainable profitability.

Also, the company’s declared valuation is not the same as the final purchase price for shareholders.

Investors should review the valuation report, financial statements and official announcement of the offering to make a decision.

summary; When will the initial release of Shatabriz take place?

Tabriz Petrochemical Company with the symbol “Shatbariz” is on the verge of entering the Tehran Stock Exchange, and its managers have proposed Wednesday, November 6, 1405 as a possible time for the initial offering.

In the first half of this year, this company recorded sales of 28 thousand billion tomans and net profit of 6 thousand 276 billion tomans.

The estimated value of the company for the initial supply is about 30 thousand billion tomans and its nominal annual production capacity is 870 thousand tons.

Despite the announcement of the schedule, The initial release of Shatabriz has not yet been decided in terms of date and final conditions And investors should wait for the official announcement of Tehran Stock Exchange about the price, number of shares and participation details.