Doha:Dandy, a Qatari public shareholding company, has announced the successful completion of its initial public offering (IPO), with subscription demand surpassing the size of the offering. The IPO subscription period ran from October 7 to 20, 2026.

According to Qatar News Agency, the public offering included 28,840,000 shares, which is 70 percent of the total offering, priced at QAR 5 per share. Subscribers paid QAR 5.01 per share, inclusive of offering and listing fees. The institutional tranche, making up 30 percent of the offering with 12,360,000 shares, was allocated to institutional investors after a book-building process.

The entire offering amounted to 41,200,000 shares, valued at QAR 206 million. Shares will be allocated according to Qatar Financial Markets Authority (QFMA) rules and the offering prospectus terms. Subscribers will receive final allocation notifications, and any surplus funds will be refunded as per the approved timetable.

After the IPO, founding shareholders will retain 60 percent of Dandy’s capital, with their shares subject to lock-up requirements under QFMA rules. The company’s free float will be 40 percent upon listing. Dandy’s shares are expected to start trading on the Qatar Stock Exchange’s main market in November, pending the completion of regulatory and technical requirements. The Qatar Stock Exchange will announce the trading commencement date shortly.