Skip to main content

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

By Afolabi Oyekunle.




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.


             Alhaji Dangote

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.

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

Comments

Post a Comment

Popular posts from this blog

Omisande: CPS Pensioners in Lagos State assured of payment of their increase pension benefits as their Federal counterparts.

 By Afolabi Oyekunle. Pensioners under the Contributory Pension Scheme(CPS) in Lagos State have been urged to be patient concerning their much awaited  increases, as there are assurance that all what they are entitled to will be paid earlier next year. This assurance is coming from the Chairman, Nigeria Union of Pensioners, Contributory Pension Scheme, NUPCPS, Lagos State Council, Comrade Michael Omisande. Comrade Omisande who spoke to ForumNews at the sideline of the end of year get together of Agege Zone Pensioners said what is delaying is the Template which is being awaited  Comrade Omisande said just as the Federal workers who have started receiving their own entitlements, all Pensioners under the scheme in other five states will receive their own as  approved by the Federal government. According to him, the PFA'S have been given till 20th December to pay all Federal Pensioners. He said after the completion of the Payment, PenCom will ther...
Post a Comment
Read more

Work in progress by the LSG to pay CPS Pensioners their benefits.

By Afolabi Oyekunle. Contributory Pensioners in Lagos state have been assured that the Lagos state government is in the process of paying their benefits, despite the initial delay. The assurance was given by the NUPCPS Chairman in Lagos state, Comrade Michael Omisande. NUPCPS Chairman Comrade Michael Omisande/ LSG Babajide Sanwoolu. "I wish to inform you that we are making progress as the government is cooperating very well on the matter. I want to assure you that there is no delay tactics employed by the government and no Compromise on the part of the Union." Comrade Omisande laid the blame of the delay at the doorsteps of the Director General of LASPEC, Mr. Babalola Obilana  for his incompetence and manipulation to deprive the Pensioners of their benefits.     DG LASPEC Mr. Babalola Obilana According to him, Laspec was passing negative information to the government as per pensions matter in the state.  "Many revelations came up as product of...
Post a Comment
Read more

CPS Pensioners in Lagos state call on Gov. Sanwoolu, to expedite action on the payment of their Benefits.

By Afolabi Oyekunle. The delay in the payment of their Pension Arears and other entitlements is worrisome to the Contributory Pensioners in Lagos state, who called on Governor Babajide Sanwoolu to quickly take a decisive action to pay their areas and other entitlements as approved by President Bola Tinubu. Lagos state Governor, Babajide Sanwoolu. Speaking with FocusNews on the delay, the Lagos State Chairman of the Nigeria Union of Pensioners Contributory Scheme, Comrade Michael Omisande said the attitude of the Governor to the payment of the arears shows he has not got the political will to pay the money. Comrade Omisande challenged Governor Babajide Sanwoolu to come out bodily and tell the Pensioners when he is going to pay the money. Lagos State CPS Pensioners Chairman, Comrade Michael Omisande. "It is our money and he has to pay us, we are the birds that lay the golden eggs we should not be allowed to suffer." Comrade Omisande however  appealed to ...
2 comments
Read more