Doha [Qatar], November 12: Qatar Stock Exchange will admit the shares of Dandy Ltd Company (Q.P.S.C.) to trading on its Main Market on Monday, November 16, 2026, under the symbol DNDY in the Consumer Goods and Services sector. Dandy becomes the 56th company listed on the Exchange.
All 103,000,000 shares will be listed. The IPO comprised 41,200,000 shares, or 40 percent of capital, of which 12,360,000 were allocated to institutional investors through the book-building process and 28,840,000 to individual and corporate investors in the public subscription.
The founders retain the remaining 61,800,000 shares.
The offer price is set at QR5.00 per share, comprising a nominal value of QR1.00 and an issuance premium of QR4.00.
The amount paid by subscribers was QR5.01 per share, inclusive of offering and listing fees. On this basis the company's market capitalization at listing is QR515 million.
The offer price was set through book-building, the first use of the mechanism since the QFMA's Offering & Listing, and Mergers &Acquisitions Rules took effect last year.
Institutional investors bid for shares within an approved range, and the resulting price applied equally to the public subscription.
The share price will float on the first trading day with no limit.
From the second day it moves within the standard 10 percent daily band, as with every other listed company. Trading session timing is unchanged on listing day, with the pre-open phase starting at 9:00 am as usual.
The founders' shares are locked up. No founder or initial major shareholder may sell any of its original holding during the first year from the first day of trading.
In the second year, no sale may take the founders' combined holding below 40 percent of issued capital.
Shareholder data will be with brokerage firms from Thursday, November 12, so investors can place buy and sell orders with their broker from that date.
Anyone intending to trade should confirm now that they hold a National Investor Number with Edaa and an active account with a licensed broker, and that their details are up to date.
Dandy manufactures and distributes dairy products, beverages and ice cream, with more than 200 SKUs across its core categories. Dairy is the cornerstone of the portfolio, alongside beverages and a growing ice cream business.
The company also operates a plastic packaging facility, provides customs clearance services to third parties and supplies private-label products.
Source: Qatar Tribune
