Iran Fara Bourse
Iran Fara Bourse Company is a Tehran-based public joint-stock company and self-regulatory organisation operating Iran’s official OTC and alternative securities exchange. Self-listed on its Main/First Market, it provides listing and trading infrastructure for equities, debt instruments, SMEs, technology companies and specialised market segments. It is a key gateway to Iranian alternative capital-market issuance and secondary trading.
Market position
Iran’s official over-the-counter and alternative securities exchange, operating as a self-regulatory organisation under Securities and Exchange Organization of Iran oversight.
Operations & footprint
Products and services
Iran Fara Bourse operates Iran's over-the-counter and alternative securities markets, providing trading and listing infrastructure for equities, smaller and growth-stage issuers, debt securities, sukuk, exchange-traded funds, structured and innovative financial instruments, SME-market securities, base-market companies, and other instruments admitted under Iran's capital-market framework.
Operations and assets
IFB operates the First, Second and Third Markets; the Base Market with Yellow, Orange and Red boards; the Modern Financial Instruments Market; the SME Market; the Noafrin technology and knowledge-based market; and the Intellectual Property Market. It also holds equity stakes in Central Securities Depository of Iran and Tehran Stock Exchange Technology Development Company.
Geographic footprint
Tehran, Iran; serves Iran’s domestic capital market.
Competitors and peer set
Tehran Stock Exchange is the principal domestic exchange alongside IFB.
Ownership & group structure
Ownership
A broadly distributed shareholder base includes financial institutions, investment companies, licensed brokerage firms, commercial banks and public investors. SEO ownership ceilings generally limit a single entity or group to 2.5%–5%.
Commercial and investment relevance
Iran Fara Bourse is particularly relevant for investors looking beyond the largest TSE-listed companies into smaller issuers, debt instruments, funds, growth companies, privatization transactions, and alternative financing structures. Due diligence should distinguish between IFB's different markets because disclosure quality, liquidity, governance standards, price discovery, and admission criteria differ materially between main markets and the Base Market. Foreign ownership, custody, settlement, sanctions, beneficial ownership and repatriation rules require separate verification. For issuers, IFB provides listing and financing routes beyond the principal exchange. For brokers, institutional investors and market-service providers, it is core infrastructure for access to Iranian OTC equities, government and corporate Islamic debt instruments, funds, SME securities and privatisation transfers.
Constraints, risk & compliance
Key risks and constraints
Market characteristics and admission requirements differ across IFB segments, especially the Base Market. Participants should assess issuer disclosure, governance, liquidity and price discovery at the relevant board or market level.
Sanctions and compliance considerations
IFB operates solely within Iran’s domestic capital-market ecosystem and facilitates sovereign debt auctions and state-asset privatisation transfers. International counterparties require sanctions and financial-crime screening tailored to Iranian market infrastructure, issuers, custodians and settlement arrangements.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What is Iran Fara Bourse?
Iran Fara Bourse is Iran’s official OTC and alternative securities exchange, operating multiple markets for equities, debt securities, funds, SMEs and specialised financial instruments.
Where is Iran Fara Bourse based?
Iran Fara Bourse is headquartered in Tehran, Iran.
Is Iran Fara Bourse itself listed?
Yes. Iran Fara Bourse Company is self-listed on Iran Fara Bourse’s Main/First Market under the ticker فرابورس.
Which market segments does IFB operate?
Its operating segments include the First, Second, Third and Base Markets, the Modern Financial Instruments Market, SME Market, Noafrin market and Intellectual Property Market.