Dangote Petroleum Refinery and Petrochemicals FZE has approved 40 banks, fintechs, mobile operators and other platforms through which investors can subscribe for its shares when the public offer opens.
The company published the list on its official IPO website, warning investors to subscribe only through channels listed on the platform.
The approved channels comprise 20 banks, 17 fintech companies, two mobile operators and NGX Invest.
The company said, “Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here.”
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According to the published list, the 20 banks comprised Access Bank, Ecobank, FCMB, Fidelity Bank, FirstBank, Globus Bank, GTCO, Jaiz Bank, and Keystone Bank.
Others are, Lotus Bank, PremiumTrust Bank, Providus Unity, Stanbic IBTC, Sterling Bank, TAJ Bank, UBA, Union Bank, VFD, Wema Bank, and Zenith Bank.
Also, the company approved some financial technology (fintechs) for the transaction. These include Bamboo, CardinalStone, Coronation Wealth, Cowrywise, Flutterwave, InvestNaija, InvestNow, Ladder, Meritrade, Moniepoint, Paga, Payaza, PiggyVest, Revve, Vetiva Invest, we.yan and ZedCrest.
The mobile network operators (MNOs) approved by the comapnay’s management for the IPO transactions are Airtel SmartCash and MTN MoMo, as well as the NGX Group investment subsidiary – NGX Invest.
Currently, the company’s listed the offer price at N525 per share, with a minimum subscription of 10 shares, valued at N5,250.
