Dangote Refinery IPO: Key Details and Application Steps

Dangote Refinery is conducting an initial public offering (IPO) of 4.1 billion ordinary shares priced at ₦525 each, with a minimum subscription of 10 shares costing ₦5,250. The IPO will run from September 14 to October 13, 2026, and if fully subscribed, could raise approximately ₦2.15 trillion, marking it as one of Nigeria's largest capital-market transactions.

After submitting applications and payments, investors will receive confirmation of their applications, but this does not guarantee share allotment. The final allocation will depend on the demand relative to the shares available.

If demand exceeds the offering, investors may receive fewer shares than requested. Following the allotment and regulatory requirements, shares are expected to be listed on the Nigerian Exchange Main Board by November 2026.

Investors should monitor the refinery's financial performance and market conditions post-listing, as share prices will fluctuate based on demand and company performance.