Tapsi market value passes 10 trillion tomans as trading resumes

Tapsi's market value passed 10 trillion tomans at the close of trading on Nov. 11, 2026, as shares in the Iranian ride-hailing company resumed trading after a capital increase.

The threshold is equivalent to about $38 million at the Nov. 11 open-market selling rate of 264,200 tomans to the dollar. A toman is the commonly used unit for prices in Iran and equals 10 rials.

Tapsi entered the capital market in the Iranian year 1401, which ran from March 2022 to March 2023. Its controlling stake changed hands near the end of the following Iranian year, 1402, when Golrang Industrial Group took control.

Monthly operating revenue has also increased in recent years. The revenue chart accompanying the report shows 426 billion tomans for Mehr 1405, the month running from Sept. 23 to Oct. 22, 2026, compared with 73 billion tomans in Ordibehesht 1402, from April 21 to May 21, 2023.

The increase has included sharp reversals. The chart marks two wartime periods alongside steep declines in monthly revenue, followed by recoveries. It excludes Farvardin, the first month of each Iranian year, because that month has fewer working days. Its stated source is the company's reports on Codal, Iran's corporate disclosure system.