Pooya Power Knowledge Enterprise, held its IPO ceremony at the Tehran Stock Exchange
The initial public offering (IPO) ceremony of the Pooya Power Knowledge Enterprise was held at the Tehran Stock Exchange on Wednesday, December 18, 2024. The shares of Pooya Power, with the ticker symbol "بپویا" were successfully listed on the stock market, joining the ranks of listed companies. This IPO was met with a warm welcome from investors.
In this offering, 166,950,000 shares, equivalent to 7% of the total shares of the company, were offered to the general public through the book-building method. The price range for each share was set between 13,020 Rials (floor price) and 14,680 Rials (ceiling price). Pooya Power is a Knowledge Enterprise operating in the field of production of various overhead aluminum conductors and its entry into the capital market can create new opportunities for investors as well as the development of the company. This IPO marks the 615th company listed on the Tehran Stock Exchange.
A documentary about Pooya Power Knowledge Enterprise, aired on PressTV
This documentary introduces this large company and its achievements in the production of aluminum conductors. With an annual production capacity of 77,000 tons, Pooya Power is recognized as the largest and most advanced production unit of overhead conductors in the country.
In this documentary, viewers are introduced to the company's capabilities, advanced and fully automated European equipment, as well as its experienced experts and workforce. This documentary not only examines Pooya Power role in developing the energy industry and the growth of the country's economy but also emphasizes the importance of job creation and self-sufficiency in this industry. Watching this documentary is recommended for those interested in industry, economics, and scientific and industrial advancements in Iran.
Pooya Power Knowledge Enterprise Introduction
(English Subtitle)
Pooya Power Knowledge Enterprise was established with a mission to advance the energy industry, stimulate economic growth, and foster employment opportunities. Our extensive facility spans an impressive 55,000 square meters, serving as the foundation for our endeavors. As a pioneering entity, our initial focus on aluminium overhead conductor production for distribution lines, sub-transmission lines, and transmission lines has propelled us forward. Our annual production capacity reaches an impressive 72,000 tons, equivalent to a remarkable 10 tons per hour. Guided by a proficient team of experienced professionals, we wield state-of-the-art European automated machinery, bolstered by robust financial resources. We specialize in producing a wide range of aluminum overhead conductors, encompassing ACSR, ACSS, ACCC, AAAC, AAC, AACSR, and ACAR.