Capital Markets Mandates

Dangote Depository Receipts (DR) Listing

UnSponsored Depository Receipts (DRs) in Dangote Petroleum Refinery & Petrochemicals FZE listed on the Botswana Stock Exchange (BSE) and accessed via InvestIQ Oak Wealth.

The Dangote Depository Receipt (DR) IPO has received SECZim approval ✓, IPEC approval ✓ and RBZ approval ✓
Subscription Application & Payment Deadline: 27 October 2026 at 12:00 Midday
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Offer Price
₦525.00
~ US$ equivalent at prevailing bank rate price
Min Subscription
100 Units
US$ 40.00 equivalent
Closing Date
27 Oct at 12:00 Midday
Payment & Forms due
Tax Benefit
IMTT Exempt
Marketable Security
Sponsoring Broker
InvestIQ Oak
Zimbabwe Sponsoring Broker

Market Data & Transaction Parameters

Key information regarding Dangote Petroleum Refinery, regulatory clearances, currency terms, and tax benefits.

Transaction Briefing

Official Terms

Click any topic below for detailed transaction information:

Operational Capacity & Scale

Dangote Petroleum Refinery & Petrochemicals FZE operates Sub-Saharan Africa's largest 700,000 barrels per day (bpd) single-train crude oil refinery, located in the Lekki Free Trade Zone, Lagos, Nigeria.

The facility is engineered to meet 100% of regional refined petroleum product demand, producing Euro-V standard Premium Motor Spirit (PMS / Gasoline), Automotive Gas Oil (AGO / Diesel), Dual Purpose Kerosene (DPK), and Jet A-1 Aviation Fuel.

Key Takeaway: High-yield industrial asset backing providing solid regional energy security exposure.

Offer Key Indicators

CoSSE SADC
SECZim Approval Status Approved ✓
IPEC & RBZ Regulatory Clearances Approved ✓
IMTT Tax Exemption Benefit 100% Exempt
Offer Close Cutoff 27 October 2026 at 12:00 Midday
SADC Interconnectivity Note: The US$200M DR offering leverages the Committee of SADC Stock Exchanges framework for cross-border settlement.

Listing Documents & Account Creation Forms

Access, read online, or download all official regulatory prospectuses, offer notices, subscription forms, and FINSEC account creation documents.

FINSEC Institutional Account Creation Form (FS01)

Official Form FS01 Institutional

Mandatory account creation form for companies, trusts, and institutional investors on the Alternative Trading Platform (ATP) of the Financial Securities Exchange (FINSEC).

Download PDF

FINSEC Individual Account Creation Form

Official Form Individual Investors

Mandatory account creation form for individual investors and joint account holders trading securities on the Alternative Trading Platform (ATP) of FINSEC.

Download PDF

Nigerian Public Offering (IPO) Prospectus

Full Prospectus Dangote Refinery FZE

Full regulatory prospectus filed with SEC Nigeria containing complete operational disclosures, 650,000 bpd refinery metrics, Lekki Free Zone asset breakdown, financial history, and growth strategy.

Download PDF

BSE Depository Receipts Listing Prospectus

Full Prospectus Botswana Stock Exchange

Official regional depository prospectus approved by the Botswana Stock Exchange (BSE) and CoSSE, detailing the DR issuance mechanics, cross-border depository holding, and SADC trading interconnectivity.

How to Subscribe & Invest

Follow these simple steps to participate in the Dangote Depository Receipts offer through InvestIQ Oak Wealth before the 27 October 2026 at 12:00 Midday deadline.

1

Complete Documents

Download and fill out the Subscription Form and attach your required KYC documents. For FINSEC accounts, download the Institutional (FS01) or Individual form.

2

Make USD Payment

Deposit or transfer your total subscription funds in US Dollars only to Corpserve Registrars (Nedbank Zimbabwe account) by 27 October 2026 at 12:00 Midday as directed by InvestIQ Oak Wealth.

3

Submit Application

Submit your completed form, KYC documents, and Proof of Payment via any of three convenient channels by 27 October 2026 at 12:00 Midday:

Important IPO Share Allocation & Refund Disclaimer

Please note that in an Initial Public Offering (IPO) or Depository Receipt (DR) subscription, applying for shares does not guarantee that you will be allotted shares. Depending on overall market demand across regional SADC corridors, subscriber applications may be allotted in full, scaled down on a pro-rata basis, or not allotted at all. In the event that you are not allotted any shares or are allotted fewer shares than applied for, your unallotted subscription funds will be refunded in full without interest directly to your nominated bank account, in accordance with the official offer timetable starting from 18 November 2026. Please review the official offer dates, timetable, and prospectus documents for full details.

Official Advisors & Contact Information

Get in touch with the sponsoring broker or registrar for guidance on your subscription application prior to the 27 October at 12:00 Midday deadline.

InvestIQ Oak Wealth (Pvt) Ltd

ZIMBABWE SPONSORING BROKER & ADVISOR

123 Borrowdale Road, Gunhill, Harare, Zimbabwe
+263 (242) 720153 / 720154
+263 784 248 665 / +263 782 506 392
info@investiqoak.co.zw / trading@investiqoak.co.zw

Corpserve Registrars (Pvt) Ltd

LOCAL REGISTRAR & NOMINEE ADMINISTRATION

2nd Floor, ZB Centre, Cnr 1st St & Kwame Nkrumah Ave, Harare
+263 (242) 751559 – 61
corpserve@escrowgroup.org
https://corpserveregistrars.com/