The shares were priced at 14,545 rials per share during the price discovery phase.
The 2% share offering proceeded the approval by the Securities and Exchange Organization (SEO) and Iran Fara Bourse (IFB).
Currently, MAPNA’s power plant holding, with a capacity of 6,500 megawatts, generates around 9% of the country’s electricity.
The group’s power plants operate with an efficiency rate exceeding the industry average—70% compared to the sector’s 55%.
MAPNA Group Power Plant Management Company, listed under the ticker symbol “ومپنا”, was approved for listing on Iran Fara Bourse in February 2024. On July 3, 2024, the company was officially listed in the electricity, gas, steam, and hot water supply group as the 219th company on IFB’s secondary market.
The company has approximately 140 trillion rials (around $180 million) in consolidated retained earnings.
MAPNA Iranian Power Plant Management Group encompasses a consortium of seven companies, including MAPNA Qeshm Water and Electricity Generation Company, MAPNA Renewable Energies Generation Company, MAPNA Tous Power Generation Company, MAPNA Sanandaj Power Generation Company, MAPNA Asaluyeh Power Generation Company, MAPNA West Karun Power Generation Company, and MAPNA Genaveh Power Generation Company, alongside MAPNA Arman Parand Investment Fund.