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Qatar Stock Exchange will admit the shares of Dandy Ltd Company to trading on its Main Market on November 16, 2026, according to a dispatch from Qatar News Agency. The company will trade under the symbol DNDY in the consumer goods and services sector, becoming the 56th listed entity on the exchange. All 103 million issued shares will trade from the first day, Qatar News Agency reported, following completion of the company’s conversion to a public shareholding entity earlier this month.
The initial public offering covered 41.2 million shares, representing 40 percent of Dandy’s capital, the Qatar News Agency dispatch detailed. Of those shares, 12.36 million went to institutional investors through a book-building process while 28.84 million were allocated to individual and corporate participants via public subscription. Founders will retain the remaining 61.8 million shares, completing the ownership structure at the point of listing.
Dandy set the offer price at 5.00 Qatari riyals per share, consisting of a 1.00 riyal nominal value and a 4.00 riyal issuance premium, Qatar News Agency figures show. Subscribers paid 5.01 riyals per share including offering and listing fees, producing a market capitalization of 515 million riyals at the listing price. The pricing resulted from the book-building mechanism, marking its first application since the Qatar Financial Markets Authority updated its offering and listing rules last year.
Dandy, a Qatar-based manufacturer and distributor of dairy, beverage and ice cream products with more than 45 years of local operations, saw strong demand during its IPO process, according to earlier Qatar News Agency updates. The public subscription phase ran from October 7 to October 20 and was oversubscribed, with the institutional tranche drawing participation from 19 investors. Total proceeds from the 41.2 million shares reached approximately 206 million riyals, including fees.
Founders and initial major shareholders face a one-year lock-up period during which they cannot sell any of their original holdings, the Qatar News Agency report stated. Trading session timing will remain unchanged on the listing day with the pre-open phase beginning at 9:00 a.m. as normal. The share price will float without fluctuation limits on the first trading day before standard 10 percent daily price bands apply from the second session onward.
The listing represents the first new addition to QSE in 2026 and follows regulatory approvals that included a no-objection letter from the Qatar Financial Markets Authority after the book-building phase. Qatar Stock Exchange has signaled continued efforts to broaden its market through such reforms aimed at attracting more issuers and increasing investment options. Dandy will join as the exchange pursues further depth in its consumer sector representation.
