Shasta’s IRR 18 Trillion Holding Prepares for Capital Market Share Offering

The introduction session of Tamin Agriculture, Livestock and Dairy Industries Investment Company (TADICO), Shasta’s specialized holding in the agriculture and livestock sector, was held in the presence of company executives, capital market participants, and media representatives. The holding—valued at approximately IRR 18 trillion—is preparing to offer 15% of its shares in the capital market.

According to TADICO:

The session was attended by senior executives of Shasta, members of TADICO’s Board of Directors, capital market experts, and media representatives.
During the event, Mohsen Mohammadi, CEO of TADICO, outlined the holding’s operational performance, stating that the average growth rate of dairy products within TADICO has been nearly double that of other companies active in the industry. This performance highlights TADICO’s strategic position in the country’s milk and dairy supply chain.
He noted that the company’s valuation, conducted by a financial advisory firm, has been estimated at approximately IRR 18 trillion. Based on the company’s plans, 15% of the holding’s shares will be offered in the capital market, with 5% to be released in the initial public offering (IPO) phase.
Emphasizing the company’s positive outlook, Mohammadi added that Shasta maintains a supportive view toward this share and that TADICO represents a strong option for long-term and sustainable investment, supported by the stable demand for milk supply nationwide, which underpins consistent profitability.
The CEO further outlined the holding’s strategic priorities, including value chain development and completion, optimization of the investment portfolio, capital attraction through domestic and international public-private partnerships, asset productivity enhancement, and the adoption of modern technologies.
According to the announced operational roadmap, TADICO plans to directly import 50% of its required livestock inputs over the next three years. Additional three-year targets include producing more than 320,000 tons of raw milk by the end of 1407, manufacturing over 8,000 tons of dairy products, and raising 13,000 male calves.
Currently, livestock inputs are secured through a combination of domestic production, partnerships with producers, and direct imports. All milk produced by TADICO’s subsidiaries is supplied exclusively to domestic dairy processing units.
The session also highlighted that milk prices in Iran are lower than in most regional countries—an opportunity that, if export barriers are removed, could support expanded dairy exports to markets such as Iraq, Qatar, and Saudi Arabia.
As the second-largest milk producer among publicly listed companies in the country, TADICO has extensive asset development and expansion plans underway. These include increasing livestock numbers from 35,000 to 50,000 head, completing projects in Malayer, Shirvan, Delfan, Dargazin, and Maku, as well as asset monetization through the sale or repurposing of surplus land.
On the financial front, key achievements include IRR 940 billion in financing secured for subsidiaries during the first eight months of the current year, listing and admission of the holding’s symbol on the second market of the stock exchange, and a more than 1,100% increase in registered capital—from IRR 123 billion to IRR 1,500 billion.
The session concluded by emphasizing that launching a heavy livestock innovation and genetics center, expanding knowledge-based activities, increasing direct dairy exports, and broadening direct import operations for livestock inputs are among TADICO’s key initiatives toward sustainable growth and strengthening its role in ensuring national food security.