Mohaddeseh Razaghi, deputy head of financial services at Persian Gulf
Investment Bank, said an initial public offering of 5% of Petrochemical Arvand
would be carried out shortly. A presentation meeting for investors and market
participants is scheduled for Tuesday at the Tehran exchange, she said.
Arvand Petrochemical Company received approval for listing on the
exchange’s second market in February 2024 and was admitted in August 2025 as the
627th listed company, under the chemicals sector and primary plastics and
synthetic rubber category, trading under the symbol “Arvand”.
Persian Gulf Investment Bank is acting as offering adviser, while
Kimia Investment Bank and Damavand Investment Bank are jointly underwriting the
IPO through a consortium. Damavand conducted the valuation, and Persian Gulf
Brokerage will manage the offering.
Razaghi said the IPO would be among the largest offerings in recent
months, bringing to market a company that plays a key role in Iran’s polymer
supply chain and downstream industrial development. Persian Gulf Petrochemical
Industries Company (PGPIC) owns 79% of Petrochemical Arvand.
She said the company’s main products were PVC and caustic soda, with
PVC widely used in pipes, insulation, household goods, detergents and
industrial applications. About 11.4% of sales are exported, reflecting the
company’s competitiveness in international markets.
Arvand’s key feedstocks are ethylene and salt, with ethylene supplied
by Arya Sasol and Kavian petrochemical companies. Stable access to feedstock is
a strategic advantage that supports sustained production and cost control,
Razaghi said.