According to Petrotel, the introductory session was held at the TSE headquarters to present investment opportunities in the Arghavan Gostar Ilam project. Mahmoud Goodarzi, CEO of the Tehran Stock Exchange, described the project as one of Iran’s strategic petrochemical initiatives that will generate value-added, create jobs, reduce foreign currency outflow, and strengthen the national economy.
Goodarzi noted that the “Public Project” financing model is proving to be an effective tool for funding large-scale industrial ventures, adding that Arghavan Gostar Ilam marks only the second such listing on the TSE. He emphasized that the project, focused on polypropylene production, has largely been completed and is expected to commence commercial operations in fall 2025.
He further announced that the company will offer IRR 20 trillion (approx. $200 million) worth of shares in its upcoming IPO, expressing confidence in a successful offering given the strong demand for polypropylene in the domestic market.