Dandy Company Limited (Q.P.S.C. under transformation) announced that it has obtained the approval of the Qatar Financial Markets Authority to proceed with offering 40% of its capital for public subscription to investors, at a subscription price of (5.00) Qatari riyals per share (5.01 riyals including offering and listing expenses). The IPO period is expected to extend from October 7, 2026 to October 20, 2026.
The offering shares, amounting to 41,200,000 shares, are divided into two tranches. The institutional tranche, which includes 12,360,000 shares and represents 30% of the company’s offering shares, has been allocated to institutional investors. The remaining shares, amounting to 28,840,000 shares, representing 70% of the offering shares, will be offered to individual and corporate Qatari investors as part of the public offering.
19 institutional investors participated in the price construction process, and the segment allocated to them was covered more than once. Accordingly, the offering price was set at (5) Qatari riyals per share. Subscribers will pay (5.01) Qatari riyals per share, including (0.01) riyals as offering and listing expenses. The price applies uniformly to all offering shares, including the offering shares allocated to institutional investors and the offering shares offered within the public offering. Accordingly, the total offering size is 206,412,000 Qatari riyals.
Following completion of the initial public offering, the founders will retain 60% of the issued and fully paid-up capital of the company. Their shares will be subject to the prohibition of disposal requirements applied under the Authority’s rules for offering and listing, and the percentage of freely traded shares in the company will reach 40%. Following completion of the subscription process, the company’s shares will be listed on the main market of the Qatar Stock Exchange.
