Free Calculator

Dangote Refinery IPO
Returns Calculator

Enter your investment amount, expected allotment, and listing day scenarios. See your projected returns instantly.

📊

IPO Investment Calculator

How much you plan to invest
Estimated ₦525 based on $40–50B valuation
% of application likely to be allotted
%
Show results in
₦840
₦300 (-10% limit)₦525 (IPO price)₦1,400 (+10% daily cap)

⚠️ NGX circuit breaker: shares cannot move more than 10% up or down in a single trading session.

Your Projected Returns

You Invest
Shares Allotted
Value on Listing Day
Profit / Loss
Return on Investment
Funds Refunded

📈 Three Scenarios on Listing Day

Based on NGX circuit breaker rule — maximum 10% movement per trading session.

🚀 Bull Case — Listing Day +10% (NGX max gain)
📊 Base Case — Listing Day +5% (moderate gain)
📉 Bear Case — Listing Day -10% (NGX max loss)

How This Calculator Works

📋 Allotment

If the IPO is oversubscribed, you may receive less than you applied for. E.g. 50% allotment means half your application is filled.

💸 Refund

Any unallotted funds are refunded within 4–8 weeks of the subscription window closing.

📈 NGX Circuit Breaker

NGX rules cap daily price movement at +10% or -10% per session. This protects investors from extreme volatility on listing day and beyond.

💵 Dollar Dividends

If you hold a CCI, you may qualify for USD dividends on top of any capital gain. This calculator shows capital gain only.

This calculator is for educational purposes only. Not financial advice.
All figures are estimates based on publicly available data. The official IPO price will be in the SEC-approved prospectus.
Exchange rates used: $1 = ₦1,364.86 · £1 = ₦1,750 (approximate, Aug 2026)