Investors seeking shares in the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) may receive fewer shares than they apply for if demand exceeds the number of shares available under the offer.
The N2.15 trillion IPO, which opened on September 14 and is scheduled to close on October 13, involves the offer of 4.1 billion ordinary shares at N525 per share, with a minimum subscription of 10 shares, valued at N5,250. With strong investor interest already reported, the possibility of the offer being oversubscribed has become a major talking point for prospective investors and industry observers.
What is oversubscription?
An IPO is said to be oversubscribed ...
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What happens if the Dangote Refinery IPO is oversubscribed?
Source: Sun News Online
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