The Dangote Petroleum Refinery and Petrochemicals FZE has officially launched its Initial Public Offering (IPO), inviting investors to acquire shares in the company. The subscription period is set to run from September 14 to October 13, 2026, allowing eligible investors to purchase shares at a price of ₦525 each.

This IPO comprises a total of 4.1 billion ordinary shares, with a minimum purchase requirement of 10 shares. Following the completion of the IPO, the shares are expected to be listed on the Nigerian Exchange Limited, providing a significant opportunity for investors looking to participate in one of Nigeria's largest industrial ventures.

Stanbic IBTC has been appointed as the Joint Lead Issuing House, Joint Stockbroker, and Receiving Bank for the IPO. The funds raised through this offering are earmarked for growth capital expenditure aimed at expanding the refinery’s operations, which is crucial for enhancing Nigeria's local refining capacity.

Eligible investors can subscribe to the IPO through various channels. Existing customers of Stanbic IBTC Bank can utilize the Stanbic IBTC Mobile App, Internet Banking, or the e-Subscription Portal for their applications. Other individual investors and corporate entities are also encouraged to use the e-Subscription Portal for their applications. For those looking to apply for 50,000 shares or more, the Investor Application Form must be completed, and full payment is required upon application.

The shares offered in this IPO have been assessed as Shari’ah-compliant, ensuring they meet the necessary ethical standards for Muslim investors. Additionally, eligible retail investors may receive up to two additional shares at no extra cost if they maintain the required minimum shareholding for specific periods, subject to necessary approvals.

Investors are advised to thoroughly review the IPO's FAQs, Prospectus, and Abridged Particulars of the Prospectus to understand the full terms of the offer, associated risks, and application procedures. It is crucial for potential investors to consult with financial advisors or stockbrokers if they have any uncertainties regarding the investment process.

Applications that do not comply with the procedures outlined in the Prospectus or are submitted after the closing date may be rejected. For more information, investors can visit the Stanbic IBTC website or contact their representatives directly.