Dandy Announces Successful Completion of Initial Public Offering

Dandy Ltd Company (Q.P.S.C.) (under conversion) announced today the successful completion of the subscription period for its initial public offering, with subscription applications exceeding the number of shares offered. The subscription period ran from 7 October 2026 to 20 October 2026.

The company said in a statement published on the Qatar Stock Exchange that the public offering comprised 28,840,000 shares, representing 70 percent of the Offer Shares, at an offer price of QAR 5.00 per share. The amount payable by subscribers was QAR 5.01 per share, inclusive of offering and listing fees.

The institutional tranche, comprising 12,360,000 shares and representing 30 percent of the Offer Shares, was allocated to institutional investors following the book-building process. The total number of Offer Shares reached 41,200,000, with a total offer size of QAR 206 million.

The statement said the Offer Shares would be allocated in accordance with the Qatar Financial Markets Authority’s Offering and Listing Rules and the terms set out in the Offering Prospectus. Subscribers will be notified of the final allocation, while excess subscription amounts, if any, will be refunded to their designated accounts in accordance with the approved timetable.

Following completion of the offering, the founding shareholders will retain 60 percent of the company’s issued and fully paid-up share capital. Their shares will be subject to the applicable lock-up requirements under the Qatar Financial Markets Authority’s rules, while the company’s free float will stand at 40 percent upon listing.

Trading in the company’s shares on the Main Market of the Qatar Stock Exchange is expected to begin during November, subject to the completion of all necessary regulatory and technical requirements. The date on which trading will commence on the Qatar Stock Exchange will be announced in the coming days.

Source: QNA

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