The Latest

DSE to Absorb Additional TZS2.6b from Its IPO

July 8, 2016
1 minute read
dse dar es salaam stock exchange ipo

Following the oversubscribed Dar es Salaam Stock Exchange (DSE) Initial Public Offering (IPO), the bourse will exercise the green shoe option to take up an additional TZS2.6b.

The green shoe option allows underwriters to sell investors more shares than initially planned by the issuer to meet higher demand for the security.

The DSE IPO was conducted from May 16th 2016 to June 3rd 2016 and aimed to raise TZS7.5b from the offer of 15m shares at a price of TZS500 per share.

TANZANIA BUSINESS & INVESTMENT GUIDE 2026

However, the DSE IPO raised TZS35.8b. This is equivalent to 377% in excess of the targeted capital or 4.77 times the anticipated amount.

By exercising the DSE green option of 35%, the total capital raised from the DSE IPO will therefore be TZS10.1b.

The excess funds raised beyond the request for green shoe option would be refunded to investors by July 7th 2016, DSE indicated.

Following the completion of the refund process the DSE intends to self-list its shares on the Dar es Salaam secondary market in the Main Investment Market Segment (MIMS) on 12th July 2016.

Tweet
Share
Share
Share
Related Posts
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 5 of 2026: DSE Lists Second ETF as Market Undergoes Major Correction with MBP and MKCB Plunging -36.18% and -24.75%

During Week 5 of 2026 (January 26th – 30th), the Dar es Salaam Stock Exchange (DSE) marked a significant milestone with the listing of its second Exchange Traded Fund, the iTrust East African Community Large Cap Exchange Traded Fund (IEACLC-ETF), on January 28th. While the new listing boosted ETF market capitalisation by +342%, the equities market experienced a sharp correction following the previous month's rallies. MBP and MKCB saw massive sell-offs, dropping -36.18% and -24.75% respectively. Despite the broader market dip, NMB surged +8.79%, helping lift the Banks, Finance & Investment Index.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 4 of 2026: Equity Turnover Explodes to TZS 82.85 Billion as AFRIPRISE and MBP Record Extraordinary Gains of +69.79% and +60.85%

During Week 4 of 2026, the Dar es Salaam Stock Exchange (DSE) witnessed an unprecedented frenzy of trading activity, with Equity Turnover skyrocketing by +173.61% to TZS 82.85 billion. The market's bullish momentum accelerated further, driven by the Banks, Finance & Investment (BI) Index, which surged +13.59%, and the Commercial Services (CS) Index, which rose +11.84%. AFRIPRISE emerged as the top gainer with a massive +69.79% leap, while MBP continued its extraordinary rally for a third consecutive week, appreciating by another +60.85%.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 3 of 2026: Commercial Services Index Surges +16.71% as MBP, TCCL, SWIS, and VODA Rally +52.42%, +23.60%, +18.52%, and +17.22%

During Week 3 of 2026, the Dar es Salaam Stock Exchange (DSE) sustained its strong momentum, recording growth across all benchmarks despite a shortened trading schedule due to Zanzibar Revolution Day. The Commercial Services (CS) Index delivered a market-leading increase of +16.71%, while MBP extended the market's streak of exceptional returns with a +52.42% gain. Investors remained active, driving Equity Turnover up by +47.99% to TZS 30.28 billion and pushing Total Market Capitalisation to TZS 26.46 trillion.