Cairo – Mubasher: Misr Fertilisers Production Company (MOPCO) said Tuesday that its fair value was set at EGP 52.18, according to a bourse filing.

The company submitted a copy of the auditor’s report, standalone FY14 and FY15 financial results, unedited results for the period until March 2016, as well as the fair value’s study to start trading on the Egyptian Exchange (EGX), said EGX administration.

Earlier, the chairman and managing director Sherif El Qeirsh told Mubasher that MOPCO submitted the IPO documents to the Egyptian Financial Supervisory Authority (EFSA) on 20 April and is awaiting its approval.

MOPCO will fulfill all requirements necessary to start the trading process within 10 days, an official at MOPCO revealed, giving no particular date for debut on EGX.

The company’s authorized capital as well as paid-in and issued capital stand at EGP 2.04 billion and EGP 1.99 billion respectively.