Fasap Lists on Stock Exchange; 1.7 Million Participate in IPO of Mammoth Covering Structure

Mammoth Covering Structure Company, Trading under Symbol "Fasap," Enters Capital Market Today, Monday, October 12, 2026 (20 Mehr 1405), With IPO of 5% of Its Shares as the 24th New Company of the Year. A total of 1,776,707 people participated in the offering, and 1,766,819 received shares.

According to Sefir Arjan, Mamut Covering Construction Company entered the capital market as the 24th new company of the year with an initial offering of 5% of its shares. In this offering, 1,776,707 people participated, of which 1,766,819 people managed to receive shares; A statistic that indicates the wide acceptance of the initial offering of this company by investors.

The discovered price of each share in the initial offering was 470 Rials and each participant was allocated a maximum of 212 shares. With this account, the value of the shares allocated to each trading code, assuming that the quota limit is received, was around 99,640 Tomans.

From the production of metal products to the presence in the stock market

Mamut Covering Construction Company, affiliated to Mamut Industrial Group, operates in the field of manufacturing metal construction products. The specialized and industrial industries of the country have experienced significant growth in the past few years, and a 44% growth has been recorded in the southern industry of the country. The entry of this company to the stock market will continue its development path with more motivation.

Creating a platform for the entry of other mammoth companies into the stock market

Nematullah Taslimi, CEO of Mamut Covering Structure Company, said: "Entering the capital market is part of the company's development path and laying the groundwork for the presence of other sub-categories of Mammut Industrial Group in the stock market."

He added about the resources obtained from the initial supply: "The resources obtained from the initial supply are limited compared to the financial needs of the development of the activities of the complex. The most important goal of this offering is to create a platform for other companies of the Mammoth Industrial Group to enter the capital market.

The price is 470 riyals and the allocation is 212 shares

Taslimi said about the discovered price of the shares: "The discovered price of each share in the initial offering was 470 rials, and each participant was allocated a maximum of 212 shares."

Competitive price and quality are the focus of the company's activity

Emphasizing the position of the Mammoth brand, he said: "Product quality and competitive pricing are the main axes of the company's activity. The collection tries to market its products at economical prices while maintaining quality.

basket of products; From steel structure to specialized shed

Taslimi also said about the company's product portfolio: "The product portfolio of Mammoth covering structures includes steel structures, sandwich panels, canopies and prefabricated buildings. The variety of the company's products in the field of specialized concourses is one of its competitive advantages.

Referring to the development of foreign markets, Taslimi said: "The development of foreign markets is one of the main axes of the company's plans. Exports have been made to Afghanistan and Tajikistan, and Russia is also one of the target markets for the development of export activities. We hope to expand our presence in this market from next year."

Regarding the growth of the company's exports, he added: "Compared to the same period last year, the company's exports have doubled."

Exchange rate risk in export contracts

Referring to the time interval between contract signing, production and delivery of products, Taslimi said: "Exchange rate fluctuations during this period can affect the financial results of export contracts. For example, in a contract worth one million dollars, the time interval between the execution of the order and the delivery and settlement can cause changes in the exchange rate to affect the Riyal income or the costs of the contract. The amount of this effect depends on the structure of the contract, the time of receipt of funds, the combination of Rial and foreign currency costs, and the method of settlement.

In this context, he talked about managing currency risks and examining the challenges of the target markets.

Taslimi said about the development of human resources: "The number of employees of the company has increased from more than 400 people to more than 700 people in the last three years; A growth of more than 75% in the number of manpower.

He considered the attraction and retention of expert staff as one of the important challenges of economic enterprises and emphasized: "The company's young human capital can play a role in its development."

35% profit sharing in current plan

"The final decision will be taken at the end of the financial year, but according to the current plan, about 35% of the profit is intended to be distributed among the shareholders," Taslimi said.