According to the company’s public relations office, Mahdeseh Razaghi, the deputy head of financial services at PGCIC commenting on the IPO of Arvand Petrochemical Company, stated that 5 percent of the company’s shares will be offered on the Tehran Stock Exchange in the near future.
She added that Arvand Petrochemical, with advisory services provided by Persian Gulf Capital Investment Company, succeeded in obtaining approval from the Tehran Stock Exchange Admission Board on Feb. 6, 2024, for listing on the Second Market. Subsequently, as of Aug. 19, 2025, the company was registered as the 627th listed firm in the “Chemical Products” sector, under the category of “Manufacture of Primary Plastics and Synthetic Rubber,” with the trading symbol “ARVAND,” on the main board of the Second Market of the Tehran Stock Exchange.
The Deputy Head of Financial Services at PGCIC elaborated on the IPO structure, noting that Persian Gulf Capital Investment Company is serving as the offering advisor and, together with Kimia Capital Investment Company and Damavand Capital Investment Company, has undertaken the underwriting commitment in the form of a consortium. The valuation of the company has been carried out by Damavand Capital Investment Company, while Persian Gulf Brokerage Company will act as the lead manager of the offering.
She further stated that the IPO of Arvand Petrochemical Company will be one of the largest IPOs conducted on the Tehran Stock Exchange in recent times. Through this offering, Iran’s largest PVC producer—playing a significant role in the polymer products supply chain and the development of downstream industries, and of which 79 percent is owned by Persian Gulf Petrochemical Holding—will officially enter the capital market.
Razaghi also highlighted Arvand Petrochemical Company’s product portfolio, emphasizing that the majority of the company’s sales consist of polyvinyl chloride (PVC) and caustic soda. PVC is a widely used product with applications in various types of pipes, hoses, thermal insulation materials, kitchenware, detergents, toys, disinfectants, and industrial cleaning agents in textile and petrochemical industries, and it holds a substantial share in meeting domestic market demand and generating value added.
She added that approximately 11.4 percent of the company’s sales volume is exported, reflecting the competitive strength of Arvand Petrochemical Company’s products in international markets and its solid position in global trade.
In conclusion, the Deputy Head of Financial Services at Persian Gulf Capital Investment Company noted that the main raw materials consumed by Arvand Petrochemical Company are ethylene and salt. The required ethylene is supplied by Arya Sasol Petrochemical Company and Kavian Petrochemical Company. This stable access to feedstock is considered a key strategic advantage, playing a critical role in sustaining production and controlling costs.