Griffon Capital provides Asset Management (Capital Markets & Private Equity) and Investment Banking Advisory services through Toranj Capital which is fully licensed and regulated by the Securities and Exchange Organization (SEO) of Iran.

In addition to managing a number of private portfolio accounts for individual customers, Toranj Capital manages a variety of funds with different goals and focuses. These include:

 

General information

  • exchanges:

– TSE: Tehran Stock Exchange

– IFB: Iran Fara Bourse

– IME: Iran Mercantile exchange

– IRENEX: Iran Energy Exchange

  • Market Diversification:Over 20 sectors & over 600 listed companies
  • Availability of a variety of financial instruments as investment vehicles

Stock market today

  • Market Capitalization: > EUR 200bn
  • Market Capitalization/GDP PPP: 184% (one of the lowest globally)
  • Average Daily Volume: $522m
  • Average Forward P/E ratio: 10.4x   (as of Dec-2020)
  • Average Expected Dividend Yield: 5.6%    (as of Dec-2020)

Prospects

  • Growth Prospects: GDP, corporate topline, margin and multiple expansion, catalysts coupled with themes and de-correlated returns
  • Market Potential:  Extensive IPO and privatization pipeline
  • Future Prospects: Addition of MSCI Index

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