Dandy Ltd Company (Q.P.S.C.) (under conversion), the Qatari company specialising in the manufacture and distribution of dairy, beverage and ice cream products for more than 45 years, announced that it has obtained the approval of the Qatar Financial Markets Authority (QFMA) to proceed with offering 40% of its share capital to institutional and individual investors, with the offer price to be determined through the book-building mechanism.
The book-building process will be conducted under the Offering, Listing, Mergers and Acquisitions Rules issued by the Board of the QFMA pursuant to Decision No. (8) of 2025, as part of a package of measures designed to attract more companies and provide diverse options for those seeking to offer and list on the capital market.
This offering reflects the continued collaboration between the Qatar Financial Markets Authority and the Qatar Stock Exchange to develop the market's regulatory framework and broaden the options available to companies seeking to list.
It is worth noting that the book-building mechanism is used in global markets and in many markets across the region to determine the offer price by relying on institutional investors who possess the expertise, knowledge and tools necessary for the fair pricing of a security.
The Company intends to conduct the offering in two phases:
- Offering shares to institutional investors through the book-building mechanism in accordance with the timeline approved by QFMA comprising 12,360,000 shares, representing 30% of the Offer Shares.
- Offering shares to the public — to individual Qatari nationals and entities incorporated in the State of Qatar, based on the price determined through book building comprising 28,840,000 shares, representing 70% of the Offer Shares.
The Company has stated that the price per Offer Share (excluding offering and listing fees) is expected to be determined through the book building process within a range of QAR 5.00 to QAR 5.20 per share.
To view the details of the announcement of Dandy's share offering through book building, click here: https://www.dandy.qa/
