Dewa IPO Date Announcement
Finally the wait is over the date have been announced when public can subscribe to this mega IPO. I will be sharing complete detail in this blog as I have been flooded with messages asking more & more info on this news. Dewa is a huge company and its going public on 24th of March 2022 with 3.25 billion shares.
Its share price is yes to be announced, the IPO will start on 24th March 2022 and end on 02nd April 2022 and its expected to be listed on Dubai Financial Market – DFM on 12th April 2022
How Do I Buy Dewa Shares?
There will be 3 portions in this IPO first will be for retail investors with a bank account and a DFM investor number – NIN if you dont have it you may click here and watch the video how to register and get a NIN for FREE. Alternatively if you would like to read here is the link. Second portion of this IPO will be for institutional investors & third for DEWA employees.
What is the minimum investment?
For retail investors & DEWA employees minimum subscription is set at 5000Dh while for institutions its set at 1 millionDh with no maximum limit.
Each person looking to subscribe to or purchase shares in DEWA needs to submit one subscription application each, through his or her bank or brokerage, in his or her personal name (unless he or she is acting as a representative for another subscriber).
Shall I Subscribe The IPO??
In my opinion surely you should not miss this opportunity and grab it with both the hands. Price Per Share is not yet announced but definitely you can take my words for granted this IPO will be over subscribed that too with huge volumes.
DEWA is one of the top company in UAE providing state of the art facilities to its consumers/residents in UAE & with mega projects in hands generating billions of revenue. At the same time once listed on Dubai Stock Market it will make a huge impact on the market index I think it will be the next heavy weighted stocks and volumes will drastically once the trading starts.
For more information you may visit the official website of Dubai Financial Market. If you have any questions related to this topic please comment below.
Please do your own research before investing this article is for education purpose only.
All the best!!
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