Doha:Dandy Ltd Company is set to list its shares on the Qatar Stock Exchange Main Market on Monday, November 16, 2026. The company will be trading under the symbol DNDY in the Consumer Goods and Services sector, marking the 56th company to be listed on the exchange.
According to Qatar News Agency, all 103,000,000 shares of Dandy Ltd will be listed. The initial public offering (IPO) included 41,200,000 shares, which accounts for 40 percent of the company's capital. Of these, 12,360,000 shares were allocated to institutional investors through a book-building process, while 28,840,000 shares were made available to individual and corporate investors via public subscription. The remaining 61,800,000 shares are retained by the founders.
The shares were offered at a price of QAR 5.00 each, with a nominal value of QAR 1.00 and an issuance premium of QAR 4.00. Subscribers paid QAR 5.01 per share, which included offering and listing fees, leading to a market capitalization of QAR 515 million at the time of listing. This listing marks the first use of book-building since the implementation of the Qatar Financial Markets Authority's Offering & Listing, and Mergers & Acquisitions Rules last year.
On the first trading day, the share price will float without a limit. From the second day onward, it will adhere to the standard 10 percent daily movement band applicable to other listed companies. Trading session timings remain unchanged, with the pre-open phase beginning at 900 am. Founder shares are subject to a lock-up period, prohibiting any sale during the first year of trading. In the second year, sales cannot reduce the founders' combined holding below 40 percent of the issued capital.
Investor data will be available to brokerage firms starting Thursday, November 12, allowing investors to place buy and sell orders from that date. Interested traders must ensure their National Investor Number with Edaa is active and details are up to date.
Dandy Ltd specializes in the manufacture and distribution of dairy products, beverages, and ice cream, maintaining a portfolio of over 200 stock-keeping units (SKUs). The company also operates a plastic packaging facility, offers customs clearance services to third parties, and supplies private-label products.