According to the company’s public relations office, the IPO ceremony was held at the Tehran Stock Exchange hall with the participation of officials from the Securities and Exchange Organization (SEO), senior executives of Persian Gulf Petrochemical Industries Company (PGPIC) and Arvand Petrochemical Company, as well as capital market managers, experts, and investors. At the event, the trading symbol “ARVAND” was formally introduced, marking the company’s admission to the TSE.
Speaking at the ceremony, Arvand CEO Mohammadreza Karimi expressed appreciation for the support of PGPIC CEO Mohammad Shariatmadari and the efforts of Arvand’s employees, stating that the company had successfully met all regulatory standards and listing requirements. He emphasized that the IPO represents a commitment to transparency and sustainable profitability for all shareholders.
Highlighting the company’s strategic position, Karimi noted that Arvand Petrochemical Company is Iran’s largest producer of polyvinyl chloride (PVC) and caustic soda, supplying feedstock to six major companies. He added that the company controls the full chlor-alkali value chain—from sea salt to chlorine—operates without government subsidies, and benefits from a diversified product portfolio, sustained profit growth over the past seven years, and the distribution of more than 80 percent of its profits to shareholders.
In the same event, a member of the PGPIC board of directors described Arvand’s stock market debut as a milestone in the development of Iran’s capital market and petrochemical industry, underscoring the role of PVC in downstream industries, exports, and job creation. He said Arvand’s listing would enhance transparency, resource mobilization, corporate governance, and accountability to shareholders.
At the conclusion of the ceremony, representatives of the Securities and Exchange Organization presented the official listing certificate of Arvand Petrochemical Company to the company’s CEO.
As part of the IPO, 600 million shares—equivalent to 5 percent of Arvand Petrochemical Company’s total shares—were offered through the book-building method on the Tehran Stock Exchange. The shares were listed under the symbol “ARVAND” at a base price of 35,377 rials per share, with a maximum allocation of 2,000 shares per trading code, marking another step toward broader public ownership, enhanced financial transparency, and deeper development of Iran’s petrochemical capital market.