Dangote Refinery IPO: Meristem emerges go-to platform for investors

With the Dangote Petroleum Refinery and Petrochemicals IPO generating considerable investor interest, Meristem Stockbrokers Limited has become the preferred platform for participants. Meristem offers a dedicated digital channel, Meritrade, through which investors can submit their subscriptions for the IPO. The IPO entails the sale of 4.1 billion ordinary shares at N525 per share, with a minimum subscription of 10 shares, amounting to N5,250.

To streamline the subscription process, Meristem encourages applicants to have their CSCS account number and Clearing House Number (CHN) readily available. Those lacking these details can still receive an allotment through a temporary Registrar Identification Number, which can be transferred to their stockbroking account upon providing the required information.

In addition to facilitating the IPO, Meristem operates the digital investment platform, MeriTrade, which enables retail investors to access the Nigerian equities market. Through MeriTrade, investors can open accounts, fund their portfolios, monitor investments and execute buy or sell transactions for eligible securities. This platform can prove invaluable for Nigerians considering the Dangote Refinery IPO as their inaugural stock market investment, as it provides the necessary infrastructure to continue investing in other Nigerian equities.

Meristem's involvement with the Dangote Refinery IPO is rooted in its extensive experience with Dangote Group-related transactions. The company acted as the Sole Stockbroker to Dangote Sugar Refinery's N485.9 billion Rights Issue in 2026, where it facilitated the sale of approximately 8.1 billion new ordinary shares at N60 per share.

This track record of involvement in significant Dangote Group transactions further solidifies Meristem's credibility as a trusted broker for the IPO. As the IPO closes on October 13, 2026, Meristem's digital channel offers investors a convenient means of participating while simultaneously gaining access to the broader Nigerian equities market.