{
  "id": 19529263,
  "title": "Dandy to list on QSE Main Market on November 16",
  "url": "https://urgent.news/2026/11/11/dandy-to-list-on-qse-main-market-on-november-16",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T16:42:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/738009/business/dandy-to-list-on-qse-main-market-on-november-16"
  },
  "original_language": "en",
  "account": "The Qatar Stock Exchange (QSE) will begin trading Dandy Company's shares on the Main Market on November 16, under the symbol DNDY. This marks the company's admission as the 56th entity to be listed on the exchange. The QSE announced this development on Wednesday. Dandy's IPO consisted of 41.2 million shares, representing 40% of the company's capital. Of these, 12.36 million shares were allocated to institutional investors via a book-building process, while 28.84 million were offered to individual and corporate investors in the public subscription. The founders are retaining the remaining 61.8 million shares. The offer price is set at QR5 per share, comprising a nominal value of QR1 and an issuance premium of QR4. Upon the public's subscription, the paid amount was QR5.01 per share, inclusive of offering and listing fees. Consequently, the company's market capitalization upon listing is expected to be QR515 million. The offer price was determined through book-building, a method first utilized since the QFMA's Offering & Listing and Mergers & Acquisitions Rules came into effect last year. Institutional investors participated within an approved price range, and the resulting price was applied equally to the public subscription. The share price will trade freely from the first day of trading, with no price limits. However, from the second day onward, it will fluctuate within a standard 10% daily band, as is customary for all listed companies. The trading session timing remains unchanged on the listing day, with the pre-open phase commencing at 9am. The founders' shares are currently locked and cannot be sold by any founder or initial major shareholder during the first year following the first day of trading. In the second year, their combined holding must not fall below 40% of the issued capital. Shareholder data will be provided to brokerage firms starting from Thursday, November 12, allowing investors to place buy and sell orders through their brokers from that date. Investors must confirm they possess a National Investor Number with Edaa, an active account with a licensed broker, and that their details are up to date before engaging in trading. Dandy is a company that manufactures, distributes, and markets a wide range of dairy products, beverages, and ice cream, with over 200 SKUs across its core categories. Dairy constitutes the primary focus of the company's portfolio, complemented by beverages and a burgeoning ice cream segment. The company also manages a plastic packaging facility, offers customs clearance services to third parties, and provides private-label products.",
  "summary": "The Qatar Stock Exchange (QSE) will admit the shares of Dandy Company to trading on its Main Market on November 16 under the symbol DNDY in the Consumer Goods and Services sector. Dandy becomes the 56...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}