The Dangote Petroleum Refinery IPO offers investors an opportunity to participate in the capital market. If you are considering applying, here are answers to some of the most important questions about the offer, including the offer dates, pricing, eligibility and application process.
1. When does the Dangote IPO open?
The Dangote Petroleum Refinery IPO opened on Monday, 14 September 2026, giving investors the opportunity to participate in the offer through the capital market.
2. When does the Dangote IPO close?
The offer is scheduled to close on Tuesday, 13 October 2026.
3. What is the minimum investment for the Dangote IPO?
The minimum subscription is 10 shares, equivalent to N5,250 at the offer price of N525 per share. Subsequent subscriptions are to be made in multiples of 10 shares.
4. What is the price per share?
The offer price is N525 per ordinary share.
5. Can Nigerians living abroad (diaspora) apply?
Yes. Nigerians in the diaspora may apply, subject to applicable eligibility requirements, KYC procedures and regulatory requirements.
6. How do I apply for the Dangote IPO?
Eligible investors can apply through Payaza Africa Limited in partnership with AVA Securities Limited, which provides access to the offer. For a step-by-step guide, see How to Apply for the Dangote IPO Through AVA Securities Limited.
7. What documents do I need to apply?
Applicants will be required to provide the relevant information and documentation for account opening, KYC and processing of the application, including: Email Address, Bank Verification Number (BVN), and CSCS Account.
8. When will I know if my application was successful (allotment)?
Following the processing of applications and allotment, applicants will receive a confirmation email indicating the status of their subscription.
9. Is there a guaranteed allocation if I apply?
No specific allocation can be guaranteed. Allotment will be processed in accordance with the terms of the offer and applicable regulatory requirements and may be affected by demand. AVA Securities Limited cannot guarantee the number of shares an applicant will be allotted.
10. Is the Dangote IPO a good investment?
AVA Securities Limited does not provide personalised investment advice through this FAQ. Whether the offer is suitable for you depends on your individual financial circumstances, investment objectives and risk considerations. Investors are encouraged to review the official offer documents carefully and consult their financial adviser before making an investment decision.
11. Where can I get help with my application?
Contact your AVA Securities Relationship Manager or reach out to our Client Support Team for assistance with your application or any questions regarding the offer.
This article is for informational purposes only and does not constitute investment advice. Investing in securities carries risk, including the possible loss of capital. Please refer to the official prospectus for full terms and consult your financial adviser before making any investment decision.
