Dangote Flour Goes Public Today
09.06.2007

Add To Favorites
Print This Article
Post Comment

The Dangote Flour Mills Initial Public Offer will today open to the investing public. The 1.250 billion (1, 250, 000, 000) ordinary shares of 50k each at N15 per share will be managed by 11 issuing houses.
This is coming against the backdrop of the hugely successful offer and listing of the Dangote Sugar Refinery late last year.
Dangote Flour Mills Ltd commenced operations in 1999, as a division of Dangote Industries Limited, one of Nigeria’s largest growing conglomerates.
Following the decision of Dangote Industries Limited to unbundle its various operations, Dangote Flour Mills Plc was incorporated in 2006.
The restructuring was completed in January 2006, when a federal high court sanctioned a Scheme of Arrangement wherein all the assets, liabilities and under takings of the erstwhile flour division of DIL were transferred to Dangote Flour Mills Plc.
From an initial installed capacity of 500 MT per day at its Apapa mill, Dangote Flour has expanded rapidly by opening three other flour mills in Kano (2000), Calabar (2001) and Ilorin (2005) in quick succession.
Each of the mills started with an installed capacity of 500 MT per day but three of them were subsequently expanded resulting in a total of 4000 MT per day, distributed as follows: Apapa -1, 000 MT per day, Kano -1,500 MT per day, Calabar 1,000 MT per day and Ilorin 500 Mt per day.
These expansions were in response to a growing national demand for flour and flour-based products in addition to the company’s drive for increased market share.
Dangote Flour Mills has grown to become one of the industry leaders within a six year period. The company has two wholly owned subsidiaries namely Dangote Agro Sacks Limited and Dangote Pasta Limited.
The company is in the business of flour milling, processing and marketing of branded flour. Its product portfolio comprises of Bread Flour, Pasta Semolina and Wheat Offal (Bran).

this dangote is a true bizman

Hurry ,this is fanatastic o !!!!!!!!

Please do you know where i can download the form online .

Kindly tell me o ,so that i cab download the form quick.

Easy o

Here is the prospectus attached.

Good luck!!

Thanks o

Any projection on how much this shares will be ??

Do you think it will make it like the Dansugar ,am a bit skepitcal?

Dansugar enjoyed a monopoly but danflour does not !

Anyway i will still buy sha !

What is the least unit one can buy and how much does it go for

i must 2 buy o

Dangote flour is going for 15 naira per unit, 1000 units minimum.

The closing date is on the 27th of September

I work in a stock broking house called Citi Investment Capital which is one of the receiving agents for the offer.

If you have any enquiries or want to make any purchases please contact me and I can assist you. Please reach me on adepemiatilade@citiinvestcap.com or 2719620 ext 138. I can mail the application form to you or come to your office with the form.

Thanks

www.citiinvestcap.com

thank u