Dangote Petroleum Refinery IPO Opens for Subscription

 

COMMERCE, INDUSTRY AND INVESTMENT ARENA






Posted by allcitynews.ng 




The Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) is now open. 


The offer is expected to run from Monday, 14 September to Tuesday,13 October 2026, giving eligible investors an opportunity to acquire shares in the company.


The offer comprises 4.1 billion ordinary shares at ₦525 per share with a minimum purchase of 10 units. The shares are expected to be listed on the Nigerian Exchange Limited following completion of the IPO.

As such, Stanbic IBTC is acting as Joint Lead Issuing House, Joint Stockbroker and Receiving Bank to the offer.


Key offer terms

Issuer: Dangote Petroleum Refinery & Petrochemicals FZE

Offer size: 4,100,000,000 ordinary shares.


Offer price: ₦525 per share

Minimum subscription: 10 shares and multiples of 10 thereafter

Payment: Full payment on application. 


Use of proceeds: Growth capital expenditure for the refinery expansion programme

Offer period: 14 September to 13 October 2026.


How to subscribe

Existing Stanbic IBTC Bank customers: Subscribe through the Stanbic IBTC Mobile App, Internet Banking or the Stanbic IBTC e-Subscription Portal.


Other individual investors: Subscribe through the Stanbic IBTC e-Subscription Portal.

Corporate investors: Subscribe through the Stanbic IBTC e-Subscription Portal.


Applications for 50,000 shares or more: Investors may use the Investor Application Form. For payment instructions.


 For this, please contact your relevant Stanbic IBTC representative, Relationship Manager, Wealth Adviser or Stockbroker.


All applications must be accompanied by full payment. Investors should have the required identification and account information, including their NIN and BVN where applicable.


Additional offer information

The ordinary shares offered have been assessed as Shari’ah-compliant based on an independent Shari’ah assessment and the applicable screening criteria. Eligible retail investors may also receive up to two additional shares at no extra cost if they maintain the prescribed minimum shareholding for the applicable periods stated in the Prospectus, subject to the required approvals.


To participate, visit the Stanbic IBTC e-Subscription Portal.

Important information for investors.


Before applying, read the FAQs, Prospectus and the Abridged Particulars of the Prospectus below. These documents contain the full offer terms, risk factors, application procedures and other material information.


Please read the offer documents carefully before making an investment decision. If you are unsure about any aspect of the offer, consult your stockbroker, banker, accountant, solicitor or another professional adviser. The Issuer and the Issuing Houses may reject applications received after the closing date or applications that do not meet the procedures and requirements in the Prospectus.



For more information, visit:

Stanbic IBTC

Stanbic IBTC Stockbrokers

Stanbic IBTC Capital

Terms and conditions apply. Please read the offer documents carefully before making any investment decision.


Contact information


Website: www.stanbicibtcstockbrokers.com


Email: stockbroking@stanbicibtc.com


Phone: 0201 422 0004. 





Allcitynews.ng/allcitynews.blog is

Reliable "AS IT DEY HOT NEWS" Platform.


You have press release. Have Breaking News With Pictorial Evidence? Need Coverage For Event or Press Conference, Advert Placement? Or you want to support us with donations!

Kindly contact: allcitynews86@gmail.com 



Goal of allcitynews.ng/allcitynews.blog:-

To interface between policy makers & general public, be most influential, informative and reliable issues-based online newspaper.


Disclaimer:

Comments expressed here do not in anyway reflect the opinions of allcitynews.ng or any employee thereof.


Comments

Post a Comment

Popular posts from this blog

𝐅𝐮𝐥𝐥 𝐍𝐚𝐦𝐞𝐬 𝐎𝐟 𝟏𝟔 𝐎𝐟𝐟𝐢𝐜𝐞𝐫𝐬 𝐈𝐧𝐝𝐢𝐜𝐭𝐞𝐝 𝐈𝐧 𝐀𝐥𝐥𝐞𝐠𝐞𝐝 𝐂𝐨𝐮𝐩 𝐏𝐥𝐨𝐭 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 President Bola Ahmed 𝐓𝐢𝐧𝐮𝐛𝐮

Image
  The Defence Headquarters (DHQ) has released the full list of 16 officers of the Armed Forces of Nigeria who were indicted by a Special Investigative Panel over allegations of serious misconduct, including an alleged plot to overthrow the government of President Bola Tinubu. The Director of Defence Information, Major General Samaila Uba, disclosed on Monday that the panel had concluded its investigation and found that several of the officers had cases to answer. He said the affected personnel would now face a military Court Martial in line with established procedures and extant regulations. Major Gen. Uba said the investigation examined the circumstances surrounding the conduct of the officers and identified actions that were “inconsistent with the ethics, values and professional standards expected of members of the Armed Forces of Nigeria,” stressing that the process was purely disciplinary and aimed at preserving internal discipline, cohesion and operational effectiveness. Below...
Read more

Why Lagos Pensioners on Contributory Scheme Gave 19-day Ultimatum To State Government

Image
  By allcitynews.ng  Worried about the delayed implementation, Pensioners under the payroll of Lagos State government are mobilising for protest against the state government over delayed payment of their entitlements. Giving the state government a 19-day ultimatum to pay or face the consequences, the pensioners who are under Contributory Pension Scheme (CPS), blamed their planned protest on the systematic delay by their employer. According to them, “Having spent many years to serve the state government, it would not be fair that we are being subjected to untold pains to receive our entitlements.” The chairman, National Union of Pensioners under Contributory Pension Scheme (NUPCPS), Lagos State Council,  Michael Omisande said they have sent a warning letter to the state governor to credit the accounts of the pensioners with the Pension increases/Wage Award or incur the wrath of the Pensioners. According to Omisande, the planned protest will take place 31st August, 2026, if...
Read more

Just-In, FG Declares Thursday, Friday Public Holiday For Eid-ul-Fitri

Image
The federal government has declared Thursday, March 19, and Friday, March 20, 2026, as public holidays to mark Eid-ul-Fitr. A statement on Tuesday, 17 March, by the Permanent Secretary in the Ministry of Interior, Mrs Magdalene Ajani, urged Muslims to sustain the virtues of love, generosity, peace, tolerance, and sacrifice emphasised during the holy month of Ramadan. The work-free days were declared by government to celebrate the end of the 30-day Ramadan fast observed by Muslims in Nigeria and across the globe. The statement issued today said, the minister of Interior, Mr Olubunmi Tunji-Ojo, who declared the holidays on behalf of the federal government, extended warm greetings and heartfelt congratulations to the Muslim faithful on the successful completion of the holy month of Ramadan. He called on all Nigerians to use the festive period to pray for the continued peace, unity, and prosperity of the nation. While wishing the Muslim faithful a joyful Eid-ul-Fitr celebration, the minist...
Read more